Kimura Chemical Plants Balance Sheet Health
Financial Health criteria checks 6/6
Kimura Chemical Plants has a total shareholder equity of ¥16.5B and total debt of ¥1.7B, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are ¥31.3B and ¥14.8B respectively. Kimura Chemical Plants's EBIT is ¥2.2B making its interest coverage ratio -38.9. It has cash and short-term investments of ¥7.2B.
Key information
10.5%
Debt to equity ratio
JP¥1.73b
Debt
| Interest coverage ratio | -38.9x |
| Cash | JP¥7.19b |
| Equity | JP¥16.50b |
| Total liabilities | JP¥14.79b |
| Total assets | JP¥31.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6378's short term assets (¥22.3B) exceed its short term liabilities (¥10.8B).
Long Term Liabilities: 6378's short term assets (¥22.3B) exceed its long term liabilities (¥4.0B).
Debt to Equity History and Analysis
Debt Level: 6378 has more cash than its total debt.
Reducing Debt: 6378's debt to equity ratio has reduced from 12.1% to 10.5% over the past 5 years.
Debt Coverage: 6378's debt is well covered by operating cash flow (206%).
Interest Coverage: 6378 earns more interest than it pays, so coverage of interest payments is not a concern.