Furukawa Electric Balance Sheet Health
Financial Health criteria checks 3/6
Furukawa Electric has a total shareholder equity of ¥353.3B and total debt of ¥331.5B, which brings its debt-to-equity ratio to 93.8%. Its total assets and total liabilities are ¥975.8B and ¥622.5B respectively. Furukawa Electric's EBIT is ¥33.3B making its interest coverage ratio 5.6. It has cash and short-term investments of ¥57.2B.
Key information
93.8%
Debt to equity ratio
JP¥331.52b
Debt
| Interest coverage ratio | 5.6x |
| Cash | JP¥57.20b |
| Equity | JP¥353.28b |
| Total liabilities | JP¥622.54b |
| Total assets | JP¥975.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FUWA.F's short term assets (¥535.4B) exceed its short term liabilities (¥401.3B).
Long Term Liabilities: FUWA.F's short term assets (¥535.4B) exceed its long term liabilities (¥221.3B).
Debt to Equity History and Analysis
Debt Level: FUWA.F's net debt to equity ratio (77.7%) is considered high.
Reducing Debt: FUWA.F's debt to equity ratio has increased from 90.3% to 93.8% over the past 5 years.
Debt Coverage: FUWA.F's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: FUWA.F's interest payments on its debt are well covered by EBIT (5.6x coverage).