Rinko Balance Sheet Health
Financial Health criteria checks 2/6
Rinko has a total shareholder equity of ¥17.7B and total debt of ¥9.4B, which brings its debt-to-equity ratio to 53.1%. Its total assets and total liabilities are ¥38.3B and ¥20.6B respectively. Rinko's EBIT is ¥236.0M making its interest coverage ratio -2.6. It has cash and short-term investments of ¥715.0M.
Key information
53.1%
Debt to equity ratio
JP¥9.40b
Debt
| Interest coverage ratio | -2.6x |
| Cash | JP¥715.00m |
| Equity | JP¥17.72b |
| Total liabilities | JP¥20.62b |
| Total assets | JP¥38.34b |
Financial Position Analysis
Short Term Liabilities: 9355's short term assets (¥3.8B) do not cover its short term liabilities (¥7.1B).
Long Term Liabilities: 9355's short term assets (¥3.8B) do not cover its long term liabilities (¥13.5B).
Debt to Equity History and Analysis
Debt Level: 9355's net debt to equity ratio (49%) is considered high.
Reducing Debt: 9355's debt to equity ratio has reduced from 84.8% to 53.1% over the past 5 years.
Debt Coverage: 9355's debt is not well covered by operating cash flow (14.1%).
Interest Coverage: 9355 earns more interest than it pays, so coverage of interest payments is not a concern.