HIROSHIMA GASLtd Balance Sheet Health
Financial Health criteria checks 6/6
HIROSHIMA GASLtd has a total shareholder equity of ¥71.1B and total debt of ¥46.6B, which brings its debt-to-equity ratio to 65.5%. Its total assets and total liabilities are ¥130.4B and ¥59.2B respectively. HIROSHIMA GASLtd's EBIT is ¥2.4B making its interest coverage ratio -69.3. It has cash and short-term investments of ¥24.1B.
Key information
65.5%
Debt to equity ratio
JP¥46.62b
Debt
| Interest coverage ratio | -69.3x |
| Cash | JP¥24.11b |
| Equity | JP¥71.13b |
| Total liabilities | JP¥59.24b |
| Total assets | JP¥130.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9535's short term assets (¥43.7B) exceed its short term liabilities (¥15.7B).
Long Term Liabilities: 9535's short term assets (¥43.7B) exceed its long term liabilities (¥43.5B).
Debt to Equity History and Analysis
Debt Level: 9535's net debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: 9535's debt to equity ratio has reduced from 69.8% to 65.5% over the past 5 years.
Debt Coverage: 9535's debt is well covered by operating cash flow (31.8%).
Interest Coverage: 9535 earns more interest than it pays, so coverage of interest payments is not a concern.