Kinki Sharyo Balance Sheet Health
Financial Health criteria checks 6/6
Kinki Sharyo has a total shareholder equity of ¥34.4B and total debt of ¥3.0B, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are ¥59.1B and ¥24.7B respectively. Kinki Sharyo's EBIT is ¥3.0B making its interest coverage ratio -14.1. It has cash and short-term investments of ¥5.7B.
Key information
8.7%
Debt to equity ratio
JP¥3.00b
Debt
| Interest coverage ratio | -14.1x |
| Cash | JP¥5.75b |
| Equity | JP¥34.38b |
| Total liabilities | JP¥24.74b |
| Total assets | JP¥59.12b |
Recent financial health updates
No updates
Recent updates
We Like Kinki Sharyo's (TSE:7122) Earnings For More Than Just Statutory Profit
Nov 22
The Kinki Sharyo Co., Ltd. (TSE:7122) Stock's 34% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Aug 05Kinki Sharyo's (TSE:7122) Earnings May Just Be The Starting Point
May 21Improved Earnings Required Before The Kinki Sharyo Co., Ltd. (TSE:7122) Stock's 32% Jump Looks Justified
Feb 26Financial Position Analysis
Short Term Liabilities: 7122's short term assets (¥40.3B) exceed its short term liabilities (¥18.6B).
Long Term Liabilities: 7122's short term assets (¥40.3B) exceed its long term liabilities (¥6.2B).
Debt to Equity History and Analysis
Debt Level: 7122 has more cash than its total debt.
Reducing Debt: 7122's debt to equity ratio has reduced from 111% to 8.7% over the past 5 years.
Debt Coverage: 7122's debt is well covered by operating cash flow (253.4%).
Interest Coverage: 7122 earns more interest than it pays, so coverage of interest payments is not a concern.