Kinden Balance Sheet Health
Financial Health criteria checks 6/6
Kinden has a total shareholder equity of ¥574.1B and total debt of ¥15.0B, which brings its debt-to-equity ratio to 2.6%. Its total assets and total liabilities are ¥815.9B and ¥241.8B respectively. Kinden's EBIT is ¥42.7B making its interest coverage ratio -16.5. It has cash and short-term investments of ¥200.9B.
Key information
2.6%
Debt to equity ratio
JP¥15.02b
Debt
Interest coverage ratio | -16.5x |
Cash | JP¥200.92b |
Equity | JP¥574.05b |
Total liabilities | JP¥241.84b |
Total assets | JP¥815.89b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1944's short term assets (¥482.2B) exceed its short term liabilities (¥205.4B).
Long Term Liabilities: 1944's short term assets (¥482.2B) exceed its long term liabilities (¥36.5B).
Debt to Equity History and Analysis
Debt Level: 1944 has more cash than its total debt.
Reducing Debt: 1944's debt to equity ratio has reduced from 3.5% to 2.6% over the past 5 years.
Debt Coverage: 1944's debt is well covered by operating cash flow (256.5%).
Interest Coverage: 1944 earns more interest than it pays, so coverage of interest payments is not a concern.