Kanemitsu Balance Sheet Health
Financial Health criteria checks 5/6
Kanemitsu has a total shareholder equity of ¥10.7B and total debt of ¥1.8B, which brings its debt-to-equity ratio to 16.4%. Its total assets and total liabilities are ¥15.9B and ¥5.2B respectively. Kanemitsu's EBIT is ¥774.0M making its interest coverage ratio -11.9. It has cash and short-term investments of ¥3.4B.
Key information
16.4%
Debt to equity ratio
JP¥1.76b
Debt
Interest coverage ratio | -11.9x |
Cash | JP¥3.39b |
Equity | JP¥10.72b |
Total liabilities | JP¥5.16b |
Total assets | JP¥15.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7208's short term assets (¥7.7B) exceed its short term liabilities (¥3.5B).
Long Term Liabilities: 7208's short term assets (¥7.7B) exceed its long term liabilities (¥1.6B).
Debt to Equity History and Analysis
Debt Level: 7208 has more cash than its total debt.
Reducing Debt: 7208's debt to equity ratio has increased from 14.1% to 16.4% over the past 5 years.
Debt Coverage: 7208's debt is well covered by operating cash flow (57.1%).
Interest Coverage: 7208 earns more interest than it pays, so coverage of interest payments is not a concern.