YKT Balance Sheet Health
Financial Health criteria checks 5/6
YKT has a total shareholder equity of ¥8.0B and total debt of ¥2.6B, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are ¥12.9B and ¥4.9B respectively. YKT's EBIT is ¥22.0M making its interest coverage ratio 3.7. It has cash and short-term investments of ¥3.6B.
Key information
31.9%
Debt to equity ratio
JP¥2.56b
Debt
| Interest coverage ratio | 3.7x |
| Cash | JP¥3.59b |
| Equity | JP¥8.02b |
| Total liabilities | JP¥4.90b |
| Total assets | JP¥12.93b |
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
Risks Still Elevated At These Prices As YKT Corporation (TSE:2693) Shares Dive 29%
Aug 05What 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 (¥8.7B) exceed its short term liabilities (¥2.9B).
Long Term Liabilities: 2693's short term assets (¥8.7B) exceed its long term liabilities (¥2.0B).
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 reduced from 35.2% to 31.9% over the past 5 years.
Debt Coverage: 2693's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 2693's interest payments on its debt are well covered by EBIT (3.7x coverage).