Shinki BusLtd Balance Sheet Health
Financial Health criteria checks 5/6
Shinki BusLtd has a total shareholder equity of ¥47.4B and total debt of ¥1.9B, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are ¥63.1B and ¥15.7B respectively. Shinki BusLtd's EBIT is ¥3.1B making its interest coverage ratio -37.4. It has cash and short-term investments of ¥6.0B.
Key information
4.0%
Debt to equity ratio
JP¥1.90b
Debt
| Interest coverage ratio | -37.4x |
| Cash | JP¥5.97b |
| Equity | JP¥47.39b |
| Total liabilities | JP¥15.68b |
| Total assets | JP¥63.07b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9083's short term assets (¥13.4B) exceed its short term liabilities (¥9.7B).
Long Term Liabilities: 9083's short term assets (¥13.4B) exceed its long term liabilities (¥6.0B).
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 1.5% to 4% over the past 5 years.
Debt Coverage: 9083's debt is well covered by operating cash flow (192.4%).
Interest Coverage: 9083 earns more interest than it pays, so coverage of interest payments is not a concern.