Kyoritsu Air Tech Balance Sheet Health
Financial Health criteria checks 6/6
Kyoritsu Air Tech has a total shareholder equity of ¥8.4B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 24.4%. Its total assets and total liabilities are ¥15.0B and ¥6.6B respectively. Kyoritsu Air Tech's EBIT is ¥692.0M making its interest coverage ratio -76.9. It has cash and short-term investments of ¥4.0B.
Key information
24.4%
Debt to equity ratio
JP¥2.05b
Debt
Interest coverage ratio | -76.9x |
Cash | JP¥4.03b |
Equity | JP¥8.41b |
Total liabilities | JP¥6.55b |
Total assets | JP¥14.96b |
Recent financial health updates
These 4 Measures Indicate That Kyoritsu Air Tech (TYO:5997) Is Using Debt Safely
Mar 14Is Kyoritsu Air Tech (TYO:5997) Using Too Much Debt?
Nov 22Recent updates
Here's What You Should Know About Kyoritsu Air Tech Inc.'s (TYO:5997) 3.3% Dividend Yield
Apr 19These 4 Measures Indicate That Kyoritsu Air Tech (TYO:5997) Is Using Debt Safely
Mar 14The Returns At Kyoritsu Air Tech (TYO:5997) Provide Us With Signs Of What's To Come
Feb 15Is It Worth Buying Kyoritsu Air Tech Inc. (TYO:5997) For Its 1.6% Dividend Yield?
Jan 19Kyoritsu Air Tech (TYO:5997) Could Be A Buy For Its Upcoming Dividend
Dec 24Is Kyoritsu Air Tech (TYO:5997) Using Too Much Debt?
Nov 22Financial Position Analysis
Short Term Liabilities: 5997's short term assets (¥9.6B) exceed its short term liabilities (¥5.7B).
Long Term Liabilities: 5997's short term assets (¥9.6B) exceed its long term liabilities (¥816.0M).
Debt to Equity History and Analysis
Debt Level: 5997 has more cash than its total debt.
Reducing Debt: 5997's debt to equity ratio has reduced from 29.3% to 24.4% over the past 5 years.
Debt Coverage: 5997's debt is well covered by operating cash flow (36.6%).
Interest Coverage: 5997 earns more interest than it pays, so coverage of interest payments is not a concern.