Shin-Etsu Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Shin-Etsu Chemical has a total shareholder equity of ¥4,424.1B and total debt of ¥24.3B, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are ¥5,148.0B and ¥723.9B respectively. Shin-Etsu Chemical's EBIT is ¥701.0B making its interest coverage ratio -10.5. It has cash and short-term investments of ¥1,719.7B.
Key information
0.5%
Debt to equity ratio
JP¥24.30b
Debt
Interest coverage ratio | -10.5x |
Cash | JP¥1.72t |
Equity | JP¥4.42t |
Total liabilities | JP¥723.91b |
Total assets | JP¥5.15t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SHEC.F's short term assets (¥3,036.5B) exceed its short term liabilities (¥520.4B).
Long Term Liabilities: SHEC.F's short term assets (¥3,036.5B) exceed its long term liabilities (¥203.5B).
Debt to Equity History and Analysis
Debt Level: SHEC.F has more cash than its total debt.
Reducing Debt: SHEC.F's debt to equity ratio has reduced from 0.6% to 0.5% over the past 5 years.
Debt Coverage: SHEC.F's debt is well covered by operating cash flow (3107.9%).
Interest Coverage: SHEC.F earns more interest than it pays, so coverage of interest payments is not a concern.