KandenkoLtd Balance Sheet Health
Financial Health criteria checks 6/6
KandenkoLtd has a total shareholder equity of ¥346.9B and total debt of ¥14.2B, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are ¥511.7B and ¥164.8B respectively. KandenkoLtd's EBIT is ¥44.5B making its interest coverage ratio -35.5. It has cash and short-term investments of ¥78.2B.
Key information
4.1%
Debt to equity ratio
JP¥14.18b
Debt
| Interest coverage ratio | -35.5x |
| Cash | JP¥78.24b |
| Equity | JP¥346.85b |
| Total liabilities | JP¥164.82b |
| Total assets | JP¥511.67b |
Recent financial health updates
Recent updates
Revenue Beat: Kandenko Co.,Ltd. Exceeded Revenue Forecasts By 6.3% And Analysts Are Updating Their Estimates
Aug 02
KandenkoLtd'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 (¥296.9B) exceed its short term liabilities (¥136.7B).
Long Term Liabilities: 1942's short term assets (¥296.9B) exceed its long term liabilities (¥28.1B).
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 14.9% to 4.1% over the past 5 years.
Debt Coverage: 1942's debt is well covered by operating cash flow (139.9%).
Interest Coverage: 1942 earns more interest than it pays, so coverage of interest payments is not a concern.