Ichinen HoldingsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Ichinen HoldingsLtd has a total shareholder equity of ¥58.5B and total debt of ¥116.8B, which brings its debt-to-equity ratio to 199.7%. Its total assets and total liabilities are ¥209.9B and ¥151.4B respectively. Ichinen HoldingsLtd's EBIT is ¥8.2B making its interest coverage ratio -255.3. It has cash and short-term investments of ¥17.6B.
Key information
199.7%
Debt to equity ratio
JP¥116.76b
Debt
Interest coverage ratio | -255.3x |
Cash | JP¥17.58b |
Equity | JP¥58.48b |
Total liabilities | JP¥151.45b |
Total assets | JP¥209.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9619's short term assets (¥103.6B) exceed its short term liabilities (¥76.6B).
Long Term Liabilities: 9619's short term assets (¥103.6B) exceed its long term liabilities (¥74.8B).
Debt to Equity History and Analysis
Debt Level: 9619's net debt to equity ratio (169.6%) is considered high.
Reducing Debt: 9619's debt to equity ratio has reduced from 238.4% to 199.7% over the past 5 years.
Debt Coverage: 9619's debt is not well covered by operating cash flow (3.6%).
Interest Coverage: 9619 earns more interest than it pays, so coverage of interest payments is not a concern.