Azuma Shipping Balance Sheet Health
Financial Health criteria checks 5/6
Azuma Shipping has a total shareholder equity of ¥17.3B and total debt of ¥9.3B, which brings its debt-to-equity ratio to 53.9%. Its total assets and total liabilities are ¥41.3B and ¥24.1B respectively. Azuma Shipping's EBIT is ¥489.0M making its interest coverage ratio -8.3. It has cash and short-term investments of ¥6.5B.
Key information
53.9%
Debt to equity ratio
JP¥9.31b
Debt
| Interest coverage ratio | -8.3x |
| Cash | JP¥6.55b |
| Equity | JP¥17.27b |
| Total liabilities | JP¥24.05b |
| Total assets | JP¥41.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9380's short term assets (¥14.0B) exceed its short term liabilities (¥10.7B).
Long Term Liabilities: 9380's short term assets (¥14.0B) exceed its long term liabilities (¥13.3B).
Debt to Equity History and Analysis
Debt Level: 9380's net debt to equity ratio (16%) is considered satisfactory.
Reducing Debt: 9380's debt to equity ratio has reduced from 63.1% to 53.9% over the past 5 years.
Debt Coverage: 9380's debt is not well covered by operating cash flow (8.8%).
Interest Coverage: 9380 earns more interest than it pays, so coverage of interest payments is not a concern.