Renesas Electronics Balance Sheet Health
Financial Health criteria checks 6/6
Renesas Electronics has a total shareholder equity of ¥2,467.8B and total debt of ¥632.8B, which brings its debt-to-equity ratio to 25.6%. Its total assets and total liabilities are ¥3,661.6B and ¥1,193.9B respectively. Renesas Electronics's EBIT is ¥330.9B making its interest coverage ratio -23.8. It has cash and short-term investments of ¥288.4B.
Key information
25.6%
Debt to equity ratio
JP¥632.85b
Debt
| Interest coverage ratio | -23.8x |
| Cash | JP¥288.36b |
| Equity | JP¥2.47t |
| Total liabilities | JP¥1.19t |
| Total assets | JP¥3.66t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNEC N's short term assets (¥742.4B) exceed its short term liabilities (¥587.0B).
Long Term Liabilities: RNEC N's short term assets (¥742.4B) exceed its long term liabilities (¥606.9B).
Debt to Equity History and Analysis
Debt Level: RNEC N's net debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: RNEC N's debt to equity ratio has reduced from 140.1% to 25.6% over the past 5 years.
Debt Coverage: RNEC N's debt is well covered by operating cash flow (74.2%).
Interest Coverage: RNEC N earns more interest than it pays, so coverage of interest payments is not a concern.