Hikari Tsushin Balance Sheet Health
Financial Health criteria checks 4/6
Hikari Tsushin has a total shareholder equity of ¥709.2B and total debt of ¥802.9B, which brings its debt-to-equity ratio to 113.2%. Its total assets and total liabilities are ¥1,896.6B and ¥1,187.3B respectively. Hikari Tsushin's EBIT is ¥94.8B making its interest coverage ratio -5.8. It has cash and short-term investments of ¥508.4B.
Key information
113.2%
Debt to equity ratio
JP¥802.92b
Debt
Interest coverage ratio | -5.8x |
Cash | JP¥508.42b |
Equity | JP¥709.24b |
Total liabilities | JP¥1.19t |
Total assets | JP¥1.90t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HIK's short term assets (¥804.9B) exceed its short term liabilities (¥443.0B).
Long Term Liabilities: HIK's short term assets (¥804.9B) exceed its long term liabilities (¥744.4B).
Debt to Equity History and Analysis
Debt Level: HIK's net debt to equity ratio (41.5%) is considered high.
Reducing Debt: HIK's debt to equity ratio has reduced from 117.6% to 113.2% over the past 5 years.
Debt Coverage: HIK's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: HIK earns more interest than it pays, so coverage of interest payments is not a concern.