Kitagawa Balance Sheet Health
Financial Health criteria checks 4/6
Kitagawa has a total shareholder equity of ¥39.2B and total debt of ¥17.4B, which brings its debt-to-equity ratio to 44.2%. Its total assets and total liabilities are ¥79.8B and ¥40.5B respectively. Kitagawa's EBIT is ¥1.8B making its interest coverage ratio 26.9. It has cash and short-term investments of ¥9.9B.
Key information
44.2%
Debt to equity ratio
JP¥17.35b
Debt
Interest coverage ratio | 26.9x |
Cash | JP¥9.91b |
Equity | JP¥39.24b |
Total liabilities | JP¥40.54b |
Total assets | JP¥79.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6317's short term assets (¥43.5B) exceed its short term liabilities (¥26.3B).
Long Term Liabilities: 6317's short term assets (¥43.5B) exceed its long term liabilities (¥14.3B).
Debt to Equity History and Analysis
Debt Level: 6317's net debt to equity ratio (19%) is considered satisfactory.
Reducing Debt: 6317's debt to equity ratio has increased from 31.7% to 44.2% over the past 5 years.
Debt Coverage: 6317's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: 6317's interest payments on its debt are well covered by EBIT (26.9x coverage).