KandenkoLtd Balance Sheet Health
Financial Health criteria checks 6/6
KandenkoLtd has a total shareholder equity of ¥356.5B and total debt of ¥11.9B, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are ¥535.2B and ¥178.8B respectively. KandenkoLtd's EBIT is ¥50.6B making its interest coverage ratio -38.8. It has cash and short-term investments of ¥89.7B.
Key information
3.3%
Debt to equity ratio
JP¥11.91b
Debt
Interest coverage ratio | -38.8x |
Cash | JP¥89.72b |
Equity | JP¥356.47b |
Total liabilities | JP¥178.77b |
Total assets | JP¥535.24b |
Recent financial health updates
KandenkoLtd (TSE:1942) Seems To Use Debt Rather Sparingly
Aug 19These 4 Measures Indicate That KandenkoLtd (TSE:1942) Is Using Debt Reasonably Well
Apr 26Recent updates
Kandenko Co.,Ltd.'s (TSE:1942) Popularity With Investors Is Under Threat From Overpricing
Oct 19An Intrinsic Calculation For Kandenko Co.,Ltd. (TSE:1942) Suggests It's 31% Undervalued
Oct 04Returns At KandenkoLtd (TSE:1942) Appear To Be Weighed Down
Sep 19KandenkoLtd (TSE:1942) Will Pay A Dividend Of ¥22.00
Sep 03KandenkoLtd (TSE:1942) Seems To Use Debt Rather Sparingly
Aug 19Revenue Beat: Kandenko Co.,Ltd. Exceeded Revenue Forecasts By 6.3% And Analysts Are Updating Their Estimates
Aug 02KandenkoLtd's (TSE:1942) Dividend Will Be ¥22.00
Jul 25Kandenko Co.,Ltd.'s (TSE:1942) Business Is Trailing The Market But Its Shares Aren't
Jun 23Returns At KandenkoLtd (TSE:1942) Appear To Be Weighed Down
May 21These 4 Measures Indicate That KandenkoLtd (TSE:1942) Is Using Debt Reasonably Well
Apr 26KandenkoLtd (TSE:1942) Is Increasing Its Dividend To ¥18.00
Mar 26Subdued Growth No Barrier To Kandenko Co.,Ltd.'s (TSE:1942) Price
Mar 14Financial Position Analysis
Short Term Liabilities: 1942's short term assets (¥319.5B) exceed its short term liabilities (¥150.4B).
Long Term Liabilities: 1942's short term assets (¥319.5B) exceed its long term liabilities (¥28.4B).
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 15.2% to 3.3% over the past 5 years.
Debt Coverage: 1942's debt is well covered by operating cash flow (365.9%).
Interest Coverage: 1942 earns more interest than it pays, so coverage of interest payments is not a concern.