Kansai Paint Balance Sheet Health
Financial Health criteria checks 6/6
Kansai Paint has a total shareholder equity of ¥380.2B and total debt of ¥116.6B, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are ¥689.7B and ¥309.5B respectively. Kansai Paint's EBIT is ¥51.6B making its interest coverage ratio -409.5. It has cash and short-term investments of ¥100.8B.
Key information
30.7%
Debt to equity ratio
JP¥116.63b
Debt
Interest coverage ratio | -409.5x |
Cash | JP¥100.80b |
Equity | JP¥380.25b |
Total liabilities | JP¥309.46b |
Total assets | JP¥689.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KAP0's short term assets (¥328.7B) exceed its short term liabilities (¥152.8B).
Long Term Liabilities: KAP0's short term assets (¥328.7B) exceed its long term liabilities (¥156.6B).
Debt to Equity History and Analysis
Debt Level: KAP0's net debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: KAP0's debt to equity ratio has reduced from 37.8% to 30.7% over the past 5 years.
Debt Coverage: KAP0's debt is well covered by operating cash flow (57.5%).
Interest Coverage: KAP0 earns more interest than it pays, so coverage of interest payments is not a concern.