Renesas Electronics Balance Sheet Health
Financial Health criteria checks 5/6
Renesas Electronics has a total shareholder equity of ¥2,202.3B and total debt of ¥514.0B, which brings its debt-to-equity ratio to 23.3%. Its total assets and total liabilities are ¥3,233.7B and ¥1,031.4B respectively. Renesas Electronics's EBIT is ¥355.2B making its interest coverage ratio -8.7. It has cash and short-term investments of ¥234.1B.
Key information
23.3%
Debt to equity ratio
JP¥514.00b
Debt
Interest coverage ratio | -8.7x |
Cash | JP¥234.10b |
Equity | JP¥2.20t |
Total liabilities | JP¥1.03t |
Total assets | JP¥3.23t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNEC N's short term assets (¥623.5B) do not cover its short term liabilities (¥698.0B).
Long Term Liabilities: RNEC N's short term assets (¥623.5B) exceed its long term liabilities (¥333.4B).
Debt to Equity History and Analysis
Debt Level: RNEC N's net debt to equity ratio (12.7%) is considered satisfactory.
Reducing Debt: RNEC N's debt to equity ratio has reduced from 149% to 23.3% over the past 5 years.
Debt Coverage: RNEC N's debt is well covered by operating cash flow (94.9%).
Interest Coverage: RNEC N earns more interest than it pays, so coverage of interest payments is not a concern.