Canare Electric Balance Sheet Health
Financial Health criteria checks 6/6
Canare Electric has a total shareholder equity of ¥17.7B and total debt of ¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ¥19.4B and ¥1.6B respectively. Canare Electric's EBIT is ¥1.6B making its interest coverage ratio -23.5. It has cash and short-term investments of ¥10.9B.
Key information
0%
Debt to equity ratio
JP¥0
Debt
| Interest coverage ratio | -23.5x |
| Cash | JP¥10.86b |
| Equity | JP¥17.74b |
| Total liabilities | JP¥1.63b |
| Total assets | JP¥19.38b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CANR.F's short term assets (¥16.2B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: CANR.F's short term assets (¥16.2B) exceed its long term liabilities (¥214.0M).
Debt to Equity History and Analysis
Debt Level: CANR.F is debt free.
Reducing Debt: CANR.F has not had any debt for past 5 years.
Debt Coverage: CANR.F has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: CANR.F has no debt, therefore coverage of interest payments is not a concern.