Central Glass Balance Sheet Health
Financial Health criteria checks 4/6
Central Glass has a total shareholder equity of ¥107.9B and total debt of ¥65.1B, which brings its debt-to-equity ratio to 60.3%. Its total assets and total liabilities are ¥221.1B and ¥113.2B respectively. Central Glass's EBIT is ¥16.8B making its interest coverage ratio -30.9. It has cash and short-term investments of ¥17.8B.
Key information
60.3%
Debt to equity ratio
JP¥65.09b
Debt
| Interest coverage ratio | -30.9x |
| Cash | JP¥17.84b |
| Equity | JP¥107.86b |
| Total liabilities | JP¥113.23b |
| Total assets | JP¥221.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGCL.F's short term assets (¥115.1B) exceed its short term liabilities (¥61.1B).
Long Term Liabilities: CGCL.F's short term assets (¥115.1B) exceed its long term liabilities (¥52.2B).
Debt to Equity History and Analysis
Debt Level: CGCL.F's net debt to equity ratio (43.8%) is considered high.
Reducing Debt: CGCL.F's debt to equity ratio has increased from 40.4% to 60.3% over the past 5 years.
Debt Coverage: CGCL.F's debt is well covered by operating cash flow (25.5%).
Interest Coverage: CGCL.F earns more interest than it pays, so coverage of interest payments is not a concern.