Kanemitsu Balance Sheet Health
Financial Health criteria checks 5/6
Kanemitsu has a total shareholder equity of ¥11.0B and total debt of ¥1.6B, which brings its debt-to-equity ratio to 14.9%. Its total assets and total liabilities are ¥16.1B and ¥5.1B respectively. Kanemitsu's EBIT is ¥577.0M making its interest coverage ratio -8.1. It has cash and short-term investments of ¥3.6B.
Key information
14.9%
Debt to equity ratio
JP¥1.63b
Debt
Interest coverage ratio | -8.1x |
Cash | JP¥3.57b |
Equity | JP¥10.96b |
Total liabilities | JP¥5.14b |
Total assets | JP¥16.11b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 7208's short term assets (¥7.8B) exceed its short term liabilities (¥3.7B).
Long Term Liabilities: 7208's short term assets (¥7.8B) exceed its long term liabilities (¥1.5B).
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 13.3% to 14.9% over the past 5 years.
Debt Coverage: 7208's debt is well covered by operating cash flow (87%).
Interest Coverage: 7208 earns more interest than it pays, so coverage of interest payments is not a concern.