Hokuetsu Industries Balance Sheet Health
Financial Health criteria checks 6/6
Hokuetsu Industries has a total shareholder equity of ¥36.6B and total debt of ¥1.8B, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are ¥56.5B and ¥19.9B respectively. Hokuetsu Industries's EBIT is ¥5.8B making its interest coverage ratio -34.3. It has cash and short-term investments of ¥13.2B.
Key information
5.0%
Debt to equity ratio
JP¥1.85b
Debt
Interest coverage ratio | -34.3x |
Cash | JP¥13.21b |
Equity | JP¥36.64b |
Total liabilities | JP¥19.90b |
Total assets | JP¥56.53b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6364's short term assets (¥41.0B) exceed its short term liabilities (¥16.0B).
Long Term Liabilities: 6364's short term assets (¥41.0B) exceed its long term liabilities (¥3.9B).
Debt to Equity History and Analysis
Debt Level: 6364 has more cash than its total debt.
Reducing Debt: 6364's debt to equity ratio has reduced from 8.4% to 5% over the past 5 years.
Debt Coverage: 6364's debt is well covered by operating cash flow (191.7%).
Interest Coverage: 6364 earns more interest than it pays, so coverage of interest payments is not a concern.