Shizuoka Gas Balance Sheet Health
Financial Health criteria checks 5/6
Shizuoka Gas has a total shareholder equity of ¥118.4B and total debt of ¥18.0B, which brings its debt-to-equity ratio to 15.2%. Its total assets and total liabilities are ¥159.4B and ¥41.0B respectively. Shizuoka Gas's EBIT is ¥7.3B making its interest coverage ratio -3.3. It has cash and short-term investments of ¥35.5B.
Key information
15.2%
Debt to equity ratio
JP¥17.95b
Debt
Interest coverage ratio | -3.3x |
Cash | JP¥35.49b |
Equity | JP¥118.39b |
Total liabilities | JP¥40.98b |
Total assets | JP¥159.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1KS's short term assets (¥68.5B) exceed its short term liabilities (¥19.2B).
Long Term Liabilities: 1KS's short term assets (¥68.5B) exceed its long term liabilities (¥21.8B).
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 11.3% to 15.2% over the past 5 years.
Debt Coverage: 1KS's debt is well covered by operating cash flow (210.3%).
Interest Coverage: 1KS earns more interest than it pays, so coverage of interest payments is not a concern.