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Credit Rating Analysis: HIROSHIMA ELECTRIC RAILWAY (Annual )

The details of credit rating (bankruptcy risk) can be checked. A credit rating in nine stages (AAA-C).

【Analysis Menu】 @Outline @Statement @Rating @Indicator @Download

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Credit Rating (Bankruptcy Risk): HIROSHIMA ELECTRIC RAILWAY (Annual ) Consolidated | Non-Consolidated

Date Credit Rating Comment Sales Current Profit Net Income
2013-03-31  A  Credit is high, but affected by biz environs. ¥ 41 B
14.42%
¥ 1 B
14.63%
¥ 1 B
9.12%

Financial Timeline

Date  2012-12-31 
(Third quarter )
 2013-03-31 
(Annual )
 2013-06-30 
(First quarter )
 2013-09-30 
(Second quarter )
Credit Rating AABBBB
Total Assets
¥ 90 B
¥ 92 B
¥ 90 B
¥ 90 B
Net Assets
¥ 33 B
¥ 34 B
¥ 34 B
¥ 34 B

Financial Statement Risk Analysis: HIROSHIMA ELECTRIC RAILWAY (Annual ) (Consolidated )

Special note
Net Assets have increased 5consecutive terms. The fiscal base is getting better.
[Date: 2013-03-31]  Danger : Warning : Caution : Good
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (3.33%) is first term Net Profit Margin (3.49%) less , there is a possibility that the profitability has deteriorated.
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -4 B) & Financial Cash Flow (¥ -927 M) is a minus, Operating Cash Flow (¥ 6 B) is a plus,
Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 6 B) , Dividend (¥ -212 M) is paid.
[Date: 2012-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -720 M) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
Dividend
Under the situation of Net Income (¥ 1 B) & Operating Cash Flow (¥ 2 B) , Dividend (¥ -151 M) is paid.
Financing Risk (*Operating Cash Flow is decrease )
Sales (¥ 36 B) is first term (¥ 35 B) more, however Operating Cash Flow (¥ 2 B) is first term (¥ 4 B) less , there is a possibility that the financing has deteriorated very much.
[Date: 2011-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 35 B) is first term Sales (¥ 36 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Gross Income is decrease )
Gross Income (¥ 34 B) is first term Gross Income (¥ 35 B) less , there is a possibility that the management situation has stagnated and deteriorated
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -2 B) & Financial Cash Flow (¥ -2 B) is a minus, Operating Cash Flow (¥ 4 B) is a plus,
Dividend
Under the situation of Net Income (¥ 867 M) & Operating Cash Flow (¥ 4 B) , Dividend (¥ -151 M) is paid.
[Date: 2010-03-31]  Danger : Warning : Caution : Good
Management Risk (*Sales is decrease )
Sales (¥ 36 B) is first term Sales (¥ 38 B) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Income is decrease )
Net Income (¥ 179 M) is first term Net Income (¥ 555 M) less , there is a possibility that the management situation has stagnated and deteriorated
Management Risk (*Net Profit Margin is decrease )
Net Profit Margin (0.49%) is first term Net Profit Margin (1.43%) less , there is a possibility that the profitability has deteriorated.
Dividend
Under the situation of Net Income (¥ 179 M) & Operating Cash Flow (¥ 1 B) , Dividend (¥ -151 M) is paid.
Financing Risk (*Interest-bearing Debt more)
Sales first term ratio (¥ -2 B) & Operating Cash Flow first term ratio (¥ -816 M) is a minus, Interest-bearing Debt (¥ 29 B) is first term Interest-bearing Debt (¥ 28 B) more , there is a possibility that the financing has deteriorated very much.
Non-performing asset Risk (*Accounts Receivable and Inventory, etc. confirmed content)
Other Current Assets first term ratio (¥ 1 B) is Sales first term ratio (¥ -2 B) more , there is a possibility that the non-performing asset was increased.
[Date: 2009-03-31]  Danger : Warning : Caution : Good
Financing Good (*Operating Cash Flow is plus )
Investment Cash Flow (¥ -1 B) & Financial Cash Flow (¥ -1 B) is a minus, Operating Cash Flow (¥ 2 B) is a plus,
Dividend
Under the situation of Net Income (¥ 555 M) & Operating Cash Flow (¥ 2 B) , Dividend (¥ -151 M) is paid.

Related Information: HIROSHIMA ELECTRIC RAILWAY (Annual )

Statement Type
Annual : HIROSHIMA ELECTRIC RAILWAY
First quarter : HIROSHIMA ELECTRIC RAILWAY
Second quarter : HIROSHIMA ELECTRIC RAILWAY
Third quarter : HIROSHIMA ELECTRIC RAILWAY
Analysis Menu
@Outline : HIROSHIMA ELECTRIC RAILWAY
@Statement : HIROSHIMA ELECTRIC RAILWAY
@Rating : HIROSHIMA ELECTRIC RAILWAY
@Indicator : HIROSHIMA ELECTRIC RAILWAY
@Download : HIROSHIMA ELECTRIC RAILWAY
Industry Comparison Ranking
Railway - EDIUNET Industry Rankings
Railway - EDIUNET Credit Rating
Railway - EDIUNET Industry Avg
Comparison with a neighboring company
Hiroshima - EDIUNET Prefectures
Hiroshima広島市 - EDIUNET Prefectures

Related company's newest statement

Date Company Credit Rating Date
11/15 西武ホールディングス BB 2013-09-30 (Q2)
11/15 伊豆箱根鉄道 A→BBB 2013-09-30 (Q2)
11/13 Tokyo Metro A→BBB 2013-09-30 (Q2)
11/12 Sanyo Electric Railwa.. A 2013-09-30 (Q2)
11/11 TOKYU BBB→A 2013-09-30 (Q2)
11/8 Kintetsu BBB 2013-09-30 (Q2)
11/8 秩父鉄道 BB→BBB 2013-09-30 (Q2)
11/7 Nagoya Railroad BBB 2013-09-30 (Q2)
11/7 Nishi-Nippon Railroad AA→AAA 2013-09-30 (Q2)
11/7 HIROSHIMA ELECTRIC RAIL.. A→B 2013-09-30 (Q2)

Ticker Market Industry Month report Rating
@ HIROSHIMA ELECTRIC RAILWAY 9033 TSE 2st Railway 3 Annual A

Related Company

@ JOTETSU (Sales ¥ 19 B)
@ サンデン交通 (Sales ¥ 9 B)
@ 伊豆箱根鉄道 (Sales ¥ 12 B)
@ Nagoya Railroad (Sales ¥ 609 B)
@ 南海電気鉄道 (Sales ¥ 184 B)
@ 秩父鉄道 (Sales ¥ 5 B)
@ Echigokotsu (Sales ¥ 24 B)
@ Enshu Railway (Sales ¥ 165 B)
@ FUJI KYUKO (Sales ¥ 44 B)
@ 新京成電鉄 (Sales ¥ 19 B)
@ Sanyo Electric Railway  (Sales ¥ 48 B)
@ 江ノ島電鉄 (Sales ¥ 11 B)
@ 富山地方鉄道 (Sales ¥ 11 B)
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