Renesas Electronics Balance Sheet Health
Financial Health criteria checks 4/6
Renesas Electronics has a total shareholder equity of ¥2,147.1B and total debt of ¥1,492.2B, which brings its debt-to-equity ratio to 69.5%. Its total assets and total liabilities are ¥4,138.9B and ¥1,991.8B respectively. Renesas Electronics's EBIT is ¥293.0B making its interest coverage ratio -7.3. It has cash and short-term investments of ¥242.4B.
Key information
69.5%
Debt to equity ratio
JP¥1.49t
Debt
| Interest coverage ratio | -7.3x |
| Cash | JP¥242.38b |
| Equity | JP¥2.15t |
| Total liabilities | JP¥1.99t |
| Total assets | JP¥4.14t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: RNEC.F's short term assets (¥636.8B) exceed its short term liabilities (¥592.0B).
Long Term Liabilities: RNEC.F's short term assets (¥636.8B) do not cover its long term liabilities (¥1,399.8B).
Debt to Equity History and Analysis
Debt Level: RNEC.F's net debt to equity ratio (58.2%) is considered high.
Reducing Debt: RNEC.F's debt to equity ratio has reduced from 136.7% to 69.5% over the past 5 years.
Debt Coverage: RNEC.F's debt is well covered by operating cash flow (26.4%).
Interest Coverage: RNEC.F earns more interest than it pays, so coverage of interest payments is not a concern.