Japan Steel Works Balance Sheet Health
Financial Health criteria checks 6/6
Japan Steel Works has a total shareholder equity of ¥178.6B and total debt of ¥42.5B, which brings its debt-to-equity ratio to 23.8%. Its total assets and total liabilities are ¥366.8B and ¥188.2B respectively. Japan Steel Works's EBIT is ¥18.0B making its interest coverage ratio -36.2. It has cash and short-term investments of ¥97.6B.
Key information
23.8%
Debt to equity ratio
JP¥42.48b
Debt
Interest coverage ratio | -36.2x |
Cash | JP¥97.61b |
Equity | JP¥178.61b |
Total liabilities | JP¥188.16b |
Total assets | JP¥366.78b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JPSW.Y's short term assets (¥274.2B) exceed its short term liabilities (¥143.9B).
Long Term Liabilities: JPSW.Y's short term assets (¥274.2B) exceed its long term liabilities (¥44.3B).
Debt to Equity History and Analysis
Debt Level: JPSW.Y has more cash than its total debt.
Reducing Debt: JPSW.Y's debt to equity ratio has reduced from 39.7% to 23.8% over the past 5 years.
Debt Coverage: JPSW.Y's debt is well covered by operating cash flow (51.1%).
Interest Coverage: JPSW.Y earns more interest than it pays, so coverage of interest payments is not a concern.