KITZ Balance Sheet Health
Financial Health criteria checks 6/6
KITZ has a total shareholder equity of ¥102.2B and total debt of ¥36.6B, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are ¥166.7B and ¥64.5B respectively. KITZ's EBIT is ¥13.7B making its interest coverage ratio -94.4. It has cash and short-term investments of ¥29.0B.
Key information
35.8%
Debt to equity ratio
JP¥36.56b
Debt
Interest coverage ratio | -94.4x |
Cash | JP¥29.00b |
Equity | JP¥102.21b |
Total liabilities | JP¥64.49b |
Total assets | JP¥166.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6498's short term assets (¥103.9B) exceed its short term liabilities (¥26.5B).
Long Term Liabilities: 6498's short term assets (¥103.9B) exceed its long term liabilities (¥38.0B).
Debt to Equity History and Analysis
Debt Level: 6498's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: 6498's debt to equity ratio has reduced from 44.6% to 35.8% over the past 5 years.
Debt Coverage: 6498's debt is well covered by operating cash flow (43.8%).
Interest Coverage: 6498 earns more interest than it pays, so coverage of interest payments is not a concern.