Akebono Brake Industry Balance Sheet Health
Financial Health criteria checks 5/6
Akebono Brake Industry has a total shareholder equity of ¥56.5B and total debt of ¥49.5B, which brings its debt-to-equity ratio to 87.6%. Its total assets and total liabilities are ¥147.8B and ¥91.3B respectively. Akebono Brake Industry's EBIT is ¥3.3B making its interest coverage ratio 5.5. It has cash and short-term investments of ¥34.8B.
Key information
87.6%
Debt to equity ratio
JP¥49.50b
Debt
| Interest coverage ratio | 5.5x |
| Cash | JP¥34.83b |
| Equity | JP¥56.51b |
| Total liabilities | JP¥91.32b |
| Total assets | JP¥147.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: AKBI.F's short term assets (¥84.1B) exceed its short term liabilities (¥52.3B).
Long Term Liabilities: AKBI.F's short term assets (¥84.1B) exceed its long term liabilities (¥39.0B).
Debt to Equity History and Analysis
Debt Level: AKBI.F's net debt to equity ratio (25.9%) is considered satisfactory.
Reducing Debt: AKBI.F had negative shareholder equity 5 years ago, but is now positive and has therefore improved.
Debt Coverage: AKBI.F's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: AKBI.F's interest payments on its debt are well covered by EBIT (5.5x coverage).