KandenkoLtd Balance Sheet Health
Financial Health criteria checks 6/6
KandenkoLtd has a total shareholder equity of ¥345.8B and total debt of ¥21.9B, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are ¥567.3B and ¥221.5B respectively. KandenkoLtd's EBIT is ¥40.9B making its interest coverage ratio -33.4. It has cash and short-term investments of ¥66.7B.
Key information
6.3%
Debt to equity ratio
JP¥21.85b
Debt
Interest coverage ratio | -33.4x |
Cash | JP¥66.65b |
Equity | JP¥345.80b |
Total liabilities | JP¥221.48b |
Total assets | JP¥567.28b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1942's short term assets (¥352.2B) exceed its short term liabilities (¥193.3B).
Long Term Liabilities: 1942's short term assets (¥352.2B) exceed its long term liabilities (¥28.2B).
Debt to Equity History and Analysis
Debt Level: 1942 has more cash than its total debt.
Reducing Debt: 1942's debt to equity ratio has reduced from 14.4% to 6.3% over the past 5 years.
Debt Coverage: 1942's debt is well covered by operating cash flow (90.8%).
Interest Coverage: 1942 earns more interest than it pays, so coverage of interest payments is not a concern.