Azuma Shipping Balance Sheet Health
Financial Health criteria checks 5/6
Azuma Shipping has a total shareholder equity of ¥16.6B and total debt of ¥8.3B, which brings its debt-to-equity ratio to 50.2%. Its total assets and total liabilities are ¥38.9B and ¥22.3B respectively. Azuma Shipping's EBIT is ¥275.0M making its interest coverage ratio -3.9. It has cash and short-term investments of ¥4.2B.
Key information
50.2%
Debt to equity ratio
JP¥8.34b
Debt
| Interest coverage ratio | -3.9x |
| Cash | JP¥4.24b |
| Equity | JP¥16.63b |
| Total liabilities | JP¥22.29b |
| Total assets | JP¥38.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9380's short term assets (¥12.8B) exceed its short term liabilities (¥11.0B).
Long Term Liabilities: 9380's short term assets (¥12.8B) exceed its long term liabilities (¥11.3B).
Debt to Equity History and Analysis
Debt Level: 9380's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: 9380's debt to equity ratio has reduced from 64.3% to 50.2% over the past 5 years.
Debt Coverage: 9380's debt is not well covered by operating cash flow (12.7%).
Interest Coverage: 9380 earns more interest than it pays, so coverage of interest payments is not a concern.