Kurita Water Industries Balance Sheet Health
Financial Health criteria checks 5/6
Kurita Water Industries has a total shareholder equity of ¥317.4B and total debt of ¥82.9B, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are ¥529.7B and ¥212.3B respectively. Kurita Water Industries's EBIT is ¥39.9B making its interest coverage ratio 37. It has cash and short-term investments of ¥54.0B.
Key information
26.1%
Debt to equity ratio
JP¥82.87b
Debt
Interest coverage ratio | 37x |
Cash | JP¥54.00b |
Equity | JP¥317.38b |
Total liabilities | JP¥212.34b |
Total assets | JP¥529.73b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6370's short term assets (¥213.1B) exceed its short term liabilities (¥106.9B).
Long Term Liabilities: 6370's short term assets (¥213.1B) exceed its long term liabilities (¥105.5B).
Debt to Equity History and Analysis
Debt Level: 6370's net debt to equity ratio (9.1%) is considered satisfactory.
Reducing Debt: 6370's debt to equity ratio has increased from 0% to 26.1% over the past 5 years.
Debt Coverage: 6370's debt is well covered by operating cash flow (63.9%).
Interest Coverage: 6370's interest payments on its debt are well covered by EBIT (37x coverage).