Kitagawa Balance Sheet Health
Financial Health criteria checks 5/6
Kitagawa has a total shareholder equity of ¥40.1B and total debt of ¥15.9B, which brings its debt-to-equity ratio to 39.5%. Its total assets and total liabilities are ¥80.0B and ¥39.8B respectively. Kitagawa's EBIT is ¥1.2B making its interest coverage ratio 9.4. It has cash and short-term investments of ¥9.3B.
Key information
39.5%
Debt to equity ratio
JP¥15.86b
Debt
| Interest coverage ratio | 9.4x |
| Cash | JP¥9.27b |
| Equity | JP¥40.14b |
| Total liabilities | JP¥39.83b |
| Total assets | JP¥79.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6317's short term assets (¥40.9B) exceed its short term liabilities (¥24.2B).
Long Term Liabilities: 6317's short term assets (¥40.9B) exceed its long term liabilities (¥15.6B).
Debt to Equity History and Analysis
Debt Level: 6317's net debt to equity ratio (16.4%) is considered satisfactory.
Reducing Debt: 6317's debt to equity ratio has increased from 31.7% to 39.5% over the past 5 years.
Debt Coverage: 6317's debt is well covered by operating cash flow (30.8%).
Interest Coverage: 6317's interest payments on its debt are well covered by EBIT (9.4x coverage).