Asagami Balance Sheet Health
Financial Health criteria checks 4/6
Asagami has a total shareholder equity of ¥20.1B and total debt of ¥17.6B, which brings its debt-to-equity ratio to 87.6%. Its total assets and total liabilities are ¥52.9B and ¥32.8B respectively. Asagami's EBIT is ¥1.6B making its interest coverage ratio -78. It has cash and short-term investments of ¥7.8B.
Key information
87.6%
Debt to equity ratio
JP¥17.61b
Debt
Interest coverage ratio | -78x |
Cash | JP¥7.81b |
Equity | JP¥20.10b |
Total liabilities | JP¥32.83b |
Total assets | JP¥52.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9311's short term assets (¥21.6B) exceed its short term liabilities (¥18.3B).
Long Term Liabilities: 9311's short term assets (¥21.6B) exceed its long term liabilities (¥14.5B).
Debt to Equity History and Analysis
Debt Level: 9311's net debt to equity ratio (48.8%) is considered high.
Reducing Debt: 9311's debt to equity ratio has reduced from 155.2% to 87.6% over the past 5 years.
Debt Coverage: 9311's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 9311 earns more interest than it pays, so coverage of interest payments is not a concern.