Sakai Moving ServiceLtd Balance Sheet Health
Financial Health criteria checks 6/6
Sakai Moving ServiceLtd has a total shareholder equity of ¥91.3B and total debt of ¥3.6B, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are ¥114.9B and ¥23.6B respectively. Sakai Moving ServiceLtd's EBIT is ¥12.3B making its interest coverage ratio -439.8. It has cash and short-term investments of ¥29.0B.
Key information
3.9%
Debt to equity ratio
JP¥3.57b
Debt
| Interest coverage ratio | -439.8x |
| Cash | JP¥29.03b |
| Equity | JP¥91.28b |
| Total liabilities | JP¥23.63b |
| Total assets | JP¥114.91b |
Financial Position Analysis
Short Term Liabilities: 9039's short term assets (¥35.6B) exceed its short term liabilities (¥19.1B).
Long Term Liabilities: 9039's short term assets (¥35.6B) exceed its long term liabilities (¥4.5B).
Debt to Equity History and Analysis
Debt Level: 9039 has more cash than its total debt.
Reducing Debt: 9039's debt to equity ratio has reduced from 6% to 3.9% over the past 5 years.
Debt Coverage: 9039's debt is well covered by operating cash flow (268.2%).
Interest Coverage: 9039 earns more interest than it pays, so coverage of interest payments is not a concern.