House Foods Group Balance Sheet Health
Financial Health criteria checks 6/6
House Foods Group has a total shareholder equity of ¥298.6B and total debt of ¥4.3B, which brings its debt-to-equity ratio to 1.4%. Its total assets and total liabilities are ¥382.0B and ¥83.5B respectively. House Foods Group's EBIT is ¥19.2B making its interest coverage ratio -22. It has cash and short-term investments of ¥81.0B.
Key information
1.4%
Debt to equity ratio
JP¥4.33b
Debt
Interest coverage ratio | -22x |
Cash | JP¥81.01b |
Equity | JP¥298.57b |
Total liabilities | JP¥83.45b |
Total assets | JP¥382.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HOFJ.F's short term assets (¥157.1B) exceed its short term liabilities (¥51.6B).
Long Term Liabilities: HOFJ.F's short term assets (¥157.1B) exceed its long term liabilities (¥31.8B).
Debt to Equity History and Analysis
Debt Level: HOFJ.F has more cash than its total debt.
Reducing Debt: HOFJ.F's debt to equity ratio has reduced from 2.3% to 1.4% over the past 5 years.
Debt Coverage: HOFJ.F's debt is well covered by operating cash flow (373.1%).
Interest Coverage: HOFJ.F earns more interest than it pays, so coverage of interest payments is not a concern.