Kurita Water Industries Balance Sheet Health
Financial Health criteria checks 5/6
Kurita Water Industries has a total shareholder equity of ¥336.9B and total debt of ¥70.7B, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are ¥547.8B and ¥210.9B respectively. Kurita Water Industries's EBIT is ¥44.6B making its interest coverage ratio -131. It has cash and short-term investments of ¥51.8B.
Key information
21.0%
Debt to equity ratio
JP¥70.67b
Debt
| Interest coverage ratio | -131x |
| Cash | JP¥51.75b |
| Equity | JP¥336.92b |
| Total liabilities | JP¥210.89b |
| Total assets | JP¥547.81b |
Recent financial health updates
These 4 Measures Indicate That Kurita Water Industries (TSE:6370) Is Using Debt Reasonably Well
Aug 19
Does Kurita Water Industries (TSE:6370) Have A Healthy Balance Sheet?
Apr 23Recent updates
Is Kurita Water Industries Ltd. (TSE:6370) Trading At A 28% Discount?
Nov 24Earnings Update: Kurita Water Industries Ltd. (TSE:6370) Just Reported Its Half-Year Results And Analysts Are Updating Their Forecasts
Nov 10Kurita Water Industries Ltd.'s (TSE:6370) Earnings Haven't Escaped The Attention Of Investors
Nov 07Kurita Water Industries' (TSE:6370) Upcoming Dividend Will Be Larger Than Last Year's
Aug 29These 4 Measures Indicate That Kurita Water Industries (TSE:6370) Is Using Debt Reasonably Well
Aug 19Kurita Water Industries Ltd.'s (TSE:6370) 29% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio
Aug 05Kurita Water Industries (TSE:6370) Has Announced That It Will Be Increasing Its Dividend To ¥46.00
Jul 26Kurita Water Industries (TSE:6370) Hasn't Managed To Accelerate Its Returns
Jul 25Kurita Water Industries (TSE:6370) Is Increasing Its Dividend To ¥46.00
Jul 11A Look At The Fair Value Of Kurita Water Industries Ltd. (TSE:6370)
Jun 23Kurita Water Industries Ltd.'s (TSE:6370) Shareholders Might Be Looking For Exit
Jun 09Analysts Have Made A Financial Statement On Kurita Water Industries Ltd.'s (TSE:6370) Full-Year Report
May 12Does Kurita Water Industries (TSE:6370) Have A Healthy Balance Sheet?
Apr 23Does This Valuation Of Kurita Water Industries Ltd. (TSE:6370) Imply Investors Are Overpaying?
Mar 14Kurita Water Industries (TSE:6370) Will Pay A Dividend Of ¥42.00
Mar 01Financial Position Analysis
Short Term Liabilities: 6370's short term assets (¥214.8B) exceed its short term liabilities (¥110.0B).
Long Term Liabilities: 6370's short term assets (¥214.8B) exceed its long term liabilities (¥100.9B).
Debt to Equity History and Analysis
Debt Level: 6370's net debt to equity ratio (5.6%) is considered satisfactory.
Reducing Debt: 6370's debt to equity ratio has increased from 13% to 21% over the past 5 years.
Debt Coverage: 6370's debt is well covered by operating cash flow (99.4%).
Interest Coverage: 6370 earns more interest than it pays, so coverage of interest payments is not a concern.