Asagami Balance Sheet Health
Financial Health criteria checks 5/6
Asagami has a total shareholder equity of ¥19.6B and total debt of ¥14.5B, which brings its debt-to-equity ratio to 73.8%. Its total assets and total liabilities are ¥47.2B and ¥27.6B respectively. Asagami's EBIT is ¥1.6B making its interest coverage ratio -36.9. It has cash and short-term investments of ¥5.7B.
Key information
73.8%
Debt to equity ratio
JP¥14.46b
Debt
| Interest coverage ratio | -36.9x |
| Cash | JP¥5.67b |
| Equity | JP¥19.60b |
| Total liabilities | JP¥27.64b |
| Total assets | JP¥47.24b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9311's short term assets (¥15.6B) exceed its short term liabilities (¥13.6B).
Long Term Liabilities: 9311's short term assets (¥15.6B) exceed its long term liabilities (¥14.1B).
Debt to Equity History and Analysis
Debt Level: 9311's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: 9311's debt to equity ratio has reduced from 131.4% to 73.8% over the past 5 years.
Debt Coverage: 9311's debt is well covered by operating cash flow (22.9%).
Interest Coverage: 9311 earns more interest than it pays, so coverage of interest payments is not a concern.