Kimura Chemical Plants Balance Sheet Health
Financial Health criteria checks 5/6
Kimura Chemical Plants has a total shareholder equity of ¥17.8B and total debt of ¥1.3B, which brings its debt-to-equity ratio to 7.2%. Its total assets and total liabilities are ¥31.6B and ¥13.7B respectively. Kimura Chemical Plants's EBIT is ¥2.8B making its interest coverage ratio -40.6. It has cash and short-term investments of ¥7.0B.
Key information
7.2%
Debt to equity ratio
JP¥1.29b
Debt
| Interest coverage ratio | -40.6x |
| Cash | JP¥6.99b |
| Equity | JP¥17.81b |
| Total liabilities | JP¥13.74b |
| Total assets | JP¥31.56b |
Recent financial health updates
No updates
Recent updates
Additional Considerations Required While Assessing Kimura Chemical Plants' (TSE:6378) Strong Earnings
Nov 15
Kimura Chemical Plants Co., Ltd. (TSE:6378) Surges 30% Yet Its Low P/E Is No Reason For Excitement
Nov 12Lacklustre Performance Is Driving Kimura Chemical Plants Co., Ltd.'s (TSE:6378) Low P/E
Aug 06Financial Position Analysis
Short Term Liabilities: 6378's short term assets (¥22.0B) exceed its short term liabilities (¥10.0B).
Long Term Liabilities: 6378's short term assets (¥22.0B) exceed its long term liabilities (¥3.8B).
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 9.1% to 7.2% over the past 5 years.
Debt Coverage: 6378's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6378 earns more interest than it pays, so coverage of interest payments is not a concern.