Shinki BusLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shinki BusLtd has a total shareholder equity of ¥47.5B and total debt of ¥1.6B, which brings its debt-to-equity ratio to 3.4%. Its total assets and total liabilities are ¥63.0B and ¥15.4B respectively. Shinki BusLtd's EBIT is ¥3.6B making its interest coverage ratio -34.2. It has cash and short-term investments of ¥7.8B.
Key information
3.4%
Debt to equity ratio
JP¥1.61b
Debt
| Interest coverage ratio | -34.2x |
| Cash | JP¥7.79b |
| Equity | JP¥47.52b |
| Total liabilities | JP¥15.43b |
| Total assets | JP¥62.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9083's short term assets (¥13.8B) exceed its short term liabilities (¥10.9B).
Long Term Liabilities: 9083's short term assets (¥13.8B) exceed its long term liabilities (¥4.5B).
Debt to Equity History and Analysis
Debt Level: 9083 has more cash than its total debt.
Reducing Debt: 9083's debt to equity ratio has increased from 1.1% to 3.4% over the past 5 years.
Debt Coverage: 9083's debt is well covered by operating cash flow (300.6%).
Interest Coverage: 9083 earns more interest than it pays, so coverage of interest payments is not a concern.