Shizuoka Gas Balance Sheet Health
Financial Health criteria checks 5/6
Shizuoka Gas has a total shareholder equity of ¥122.7B and total debt of ¥17.7B, which brings its debt-to-equity ratio to 14.4%. Its total assets and total liabilities are ¥163.5B and ¥40.8B respectively. Shizuoka Gas's EBIT is ¥9.2B making its interest coverage ratio -7. It has cash and short-term investments of ¥38.9B.
Key information
14.4%
Debt to equity ratio
JP¥17.69b
Debt
| Interest coverage ratio | -7x |
| Cash | JP¥38.86b |
| Equity | JP¥122.73b |
| Total liabilities | JP¥40.76b |
| Total assets | JP¥163.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1KS's short term assets (¥74.7B) exceed its short term liabilities (¥20.5B).
Long Term Liabilities: 1KS's short term assets (¥74.7B) exceed its long term liabilities (¥20.2B).
Debt to Equity History and Analysis
Debt Level: 1KS has more cash than its total debt.
Reducing Debt: 1KS's debt to equity ratio has increased from 9.5% to 14.4% over the past 5 years.
Debt Coverage: 1KS's debt is well covered by operating cash flow (91.3%).
Interest Coverage: 1KS earns more interest than it pays, so coverage of interest payments is not a concern.