Shinko Shoji Balance Sheet Health
Financial Health criteria checks 4/6
Shinko Shoji has a total shareholder equity of ¥55.3B and total debt of ¥20.3B, which brings its debt-to-equity ratio to 36.8%. Its total assets and total liabilities are ¥102.4B and ¥47.0B respectively. Shinko Shoji's EBIT is ¥6.7B making its interest coverage ratio 517.4. It has cash and short-term investments of ¥12.7B.
Key information
36.8%
Debt to equity ratio
JP¥20.33b
Debt
Interest coverage ratio | 517.4x |
Cash | JP¥12.69b |
Equity | JP¥55.32b |
Total liabilities | JP¥47.03b |
Total assets | JP¥102.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: SKSJ.F's short term assets (¥95.9B) exceed its short term liabilities (¥36.3B).
Long Term Liabilities: SKSJ.F's short term assets (¥95.9B) exceed its long term liabilities (¥10.8B).
Debt to Equity History and Analysis
Debt Level: SKSJ.F's net debt to equity ratio (13.8%) is considered satisfactory.
Reducing Debt: SKSJ.F's debt to equity ratio has increased from 8.8% to 36.8% over the past 5 years.
Debt Coverage: SKSJ.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: SKSJ.F's interest payments on its debt are well covered by EBIT (517.4x coverage).