KITAC Balance Sheet Health
Financial Health criteria checks 2/6
KITAC has a total shareholder equity of ¥3.2B and total debt of ¥2.4B, which brings its debt-to-equity ratio to 74%. Its total assets and total liabilities are ¥6.3B and ¥3.1B respectively. KITAC's EBIT is ¥255.0M making its interest coverage ratio -31.9. It has cash and short-term investments of ¥754.0M.
Key information
74.0%
Debt to equity ratio
JP¥2.35b
Debt
| Interest coverage ratio | -31.9x |
| Cash | JP¥754.00m |
| Equity | JP¥3.18b |
| Total liabilities | JP¥3.11b |
| Total assets | JP¥6.28b |
Financial Position Analysis
Short Term Liabilities: 4707's short term assets (¥1.8B) do not cover its short term liabilities (¥2.4B).
Long Term Liabilities: 4707's short term assets (¥1.8B) exceed its long term liabilities (¥715.0M).
Debt to Equity History and Analysis
Debt Level: 4707's net debt to equity ratio (50.3%) is considered high.
Reducing Debt: Insufficient data to determine if 4707's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 4707's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 4707 earns more interest than it pays, so coverage of interest payments is not a concern.