Kobe Steel Balance Sheet Health
Financial Health criteria checks 5/6
Kobe Steel has a total shareholder equity of ¥1,110.8B and total debt of ¥849.6B, which brings its debt-to-equity ratio to 76.5%. Its total assets and total liabilities are ¥2,976.3B and ¥1,865.4B respectively. Kobe Steel's EBIT is ¥170.8B making its interest coverage ratio 24. It has cash and short-term investments of ¥316.6B.
Key information
76.5%
Debt to equity ratio
JP¥849.60b
Debt
Interest coverage ratio | 24x |
Cash | JP¥316.63b |
Equity | JP¥1.11t |
Total liabilities | JP¥1.87t |
Total assets | JP¥2.98t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KST's short term assets (¥1,514.4B) exceed its short term liabilities (¥1,024.5B).
Long Term Liabilities: KST's short term assets (¥1,514.4B) exceed its long term liabilities (¥840.9B).
Debt to Equity History and Analysis
Debt Level: KST's net debt to equity ratio (48%) is considered high.
Reducing Debt: KST's debt to equity ratio has reduced from 90.6% to 76.5% over the past 5 years.
Debt Coverage: KST's debt is well covered by operating cash flow (25.9%).
Interest Coverage: KST's interest payments on its debt are well covered by EBIT (24x coverage).