Kurita Water Industries Balance Sheet Health
Financial Health criteria checks 5/6
Kurita Water Industries has a total shareholder equity of ¥333.4B and total debt of ¥77.8B, which brings its debt-to-equity ratio to 23.3%. Its total assets and total liabilities are ¥557.4B and ¥224.0B respectively. Kurita Water Industries's EBIT is ¥41.2B making its interest coverage ratio -132.2. It has cash and short-term investments of ¥60.4B.
Key information
23.3%
Debt to equity ratio
JP¥77.81b
Debt
Interest coverage ratio | -132.2x |
Cash | JP¥60.38b |
Equity | JP¥333.41b |
Total liabilities | JP¥224.00b |
Total assets | JP¥557.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KWI0's short term assets (¥228.0B) exceed its short term liabilities (¥118.6B).
Long Term Liabilities: KWI0's short term assets (¥228.0B) exceed its long term liabilities (¥105.4B).
Debt to Equity History and Analysis
Debt Level: KWI0's net debt to equity ratio (5.2%) is considered satisfactory.
Reducing Debt: KWI0's debt to equity ratio has increased from 0% to 23.3% over the past 5 years.
Debt Coverage: KWI0's debt is well covered by operating cash flow (65.4%).
Interest Coverage: KWI0 earns more interest than it pays, so coverage of interest payments is not a concern.