Rinko Balance Sheet Health
Financial Health criteria checks 2/6
Rinko has a total shareholder equity of ¥17.9B and total debt of ¥9.6B, which brings its debt-to-equity ratio to 53.5%. Its total assets and total liabilities are ¥38.6B and ¥20.7B respectively. Rinko's EBIT is ¥153.0M making its interest coverage ratio -1.4. It has cash and short-term investments of ¥367.0M.
Key information
53.5%
Debt to equity ratio
JP¥9.55b
Debt
Interest coverage ratio | -1.4x |
Cash | JP¥367.00m |
Equity | JP¥17.85b |
Total liabilities | JP¥20.74b |
Total assets | JP¥38.59b |
Financial Position Analysis
Short Term Liabilities: 9355's short term assets (¥3.6B) do not cover its short term liabilities (¥6.9B).
Long Term Liabilities: 9355's short term assets (¥3.6B) do not cover its long term liabilities (¥13.8B).
Debt to Equity History and Analysis
Debt Level: 9355's net debt to equity ratio (51.4%) is considered high.
Reducing Debt: 9355's debt to equity ratio has reduced from 76.1% to 53.5% over the past 5 years.
Debt Coverage: 9355's debt is not well covered by operating cash flow (14.7%).
Interest Coverage: 9355 earns more interest than it pays, so coverage of interest payments is not a concern.