Kansai Paint Balance Sheet Health
Financial Health criteria checks 5/6
Kansai Paint has a total shareholder equity of ¥388.2B and total debt of ¥176.9B, which brings its debt-to-equity ratio to 45.6%. Its total assets and total liabilities are ¥782.7B and ¥394.5B respectively. Kansai Paint's EBIT is ¥54.6B making its interest coverage ratio 122.2. It has cash and short-term investments of ¥120.2B.
Key information
45.6%
Debt to equity ratio
JP¥176.94b
Debt
| Interest coverage ratio | 122.2x |
| Cash | JP¥120.19b |
| Equity | JP¥388.17b |
| Total liabilities | JP¥394.52b |
| Total assets | JP¥782.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KAP's short term assets (¥384.2B) exceed its short term liabilities (¥222.8B).
Long Term Liabilities: KAP's short term assets (¥384.2B) exceed its long term liabilities (¥171.7B).
Debt to Equity History and Analysis
Debt Level: KAP's net debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: KAP's debt to equity ratio has increased from 29.6% to 45.6% over the past 5 years.
Debt Coverage: KAP's debt is well covered by operating cash flow (37.9%).
Interest Coverage: KAP's interest payments on its debt are well covered by EBIT (122.2x coverage).