Kaneka Balance Sheet Health
Financial Health criteria checks 5/6
Kaneka has a total shareholder equity of ¥474.4B and total debt of ¥176.9B, which brings its debt-to-equity ratio to 37.3%. Its total assets and total liabilities are ¥870.2B and ¥395.8B respectively. Kaneka's EBIT is ¥31.4B making its interest coverage ratio 23.6. It has cash and short-term investments of ¥44.0B.
Key information
37.3%
Debt to equity ratio
JP¥176.92b
Debt
Interest coverage ratio | 23.6x |
Cash | JP¥43.97b |
Equity | JP¥474.38b |
Total liabilities | JP¥395.82b |
Total assets | JP¥870.21b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KKA's short term assets (¥428.9B) exceed its short term liabilities (¥291.7B).
Long Term Liabilities: KKA's short term assets (¥428.9B) exceed its long term liabilities (¥104.2B).
Debt to Equity History and Analysis
Debt Level: KKA's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: KKA's debt to equity ratio has increased from 34% to 37.3% over the past 5 years.
Debt Coverage: KKA's debt is well covered by operating cash flow (35%).
Interest Coverage: KKA's interest payments on its debt are well covered by EBIT (23.6x coverage).