Kuraray Balance Sheet Health
Financial Health criteria checks 6/6
Kuraray has a total shareholder equity of ¥747.2B and total debt of ¥256.3B, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are ¥1,254.3B and ¥507.1B respectively. Kuraray's EBIT is ¥87.7B making its interest coverage ratio -63.3. It has cash and short-term investments of ¥113.2B.
Key information
34.3%
Debt to equity ratio
JP¥256.27b
Debt
| Interest coverage ratio | -63.3x |
| Cash | JP¥113.24b |
| Equity | JP¥747.22b |
| Total liabilities | JP¥507.10b |
| Total assets | JP¥1.25t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KUY's short term assets (¥551.9B) exceed its short term liabilities (¥208.3B).
Long Term Liabilities: KUY's short term assets (¥551.9B) exceed its long term liabilities (¥298.8B).
Debt to Equity History and Analysis
Debt Level: KUY's net debt to equity ratio (19.1%) is considered satisfactory.
Reducing Debt: KUY's debt to equity ratio has reduced from 43% to 34.3% over the past 5 years.
Debt Coverage: KUY's debt is well covered by operating cash flow (52.8%).
Interest Coverage: KUY earns more interest than it pays, so coverage of interest payments is not a concern.