YKT Balance Sheet Health
Financial Health criteria checks 5/6
YKT has a total shareholder equity of ¥8.1B and total debt of ¥2.8B, which brings its debt-to-equity ratio to 35.2%. Its total assets and total liabilities are ¥12.4B and ¥4.3B respectively. YKT's EBIT is ¥386.0M making its interest coverage ratio 42.9. It has cash and short-term investments of ¥4.8B.
Key information
35.2%
Debt to equity ratio
JP¥2.85b
Debt
| Interest coverage ratio | 42.9x |
| Cash | JP¥4.77b |
| Equity | JP¥8.10b |
| Total liabilities | JP¥4.34b |
| Total assets | JP¥12.44b |
Recent financial health updates
We Think YKT (TYO:2693) Is Taking Some Risk With Its Debt
Mar 13
Does YKT (TYO:2693) Have A Healthy Balance Sheet?
Nov 21Recent updates
What To Know Before Buying YKT Corporation (TYO:2693) For Its Dividend
May 05There Are Reasons To Feel Uneasy About YKT's (TYO:2693) Returns On Capital
Apr 08We Think YKT (TYO:2693) Is Taking Some Risk With Its Debt
Mar 13We're Not So Sure You Should Rely on YKT's (TYO:2693) Statutory Earnings
Feb 14
Key Things To Consider Before Buying YKT Corporation (TYO:2693) For Its Dividend
Jan 24Should You Be Impressed By YKT's (TYO:2693) Returns on Capital?
Dec 17Does YKT (TYO:2693) Have A Healthy Balance Sheet?
Nov 21Financial Position Analysis
Short Term Liabilities: 2693's short term assets (¥8.2B) exceed its short term liabilities (¥2.1B).
Long Term Liabilities: 2693's short term assets (¥8.2B) exceed its long term liabilities (¥2.3B).
Debt to Equity History and Analysis
Debt Level: 2693 has more cash than its total debt.
Reducing Debt: 2693's debt to equity ratio has increased from 24% to 35.2% over the past 5 years.
Debt Coverage: 2693's debt is well covered by operating cash flow (78.2%).
Interest Coverage: 2693's interest payments on its debt are well covered by EBIT (42.9x coverage).