Kikusui Chemical Industries Balance Sheet Health
Financial Health criteria checks 6/6
Kikusui Chemical Industries has a total shareholder equity of ¥9.7B and total debt of ¥2.2B, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are ¥18.1B and ¥8.4B respectively. Kikusui Chemical Industries's EBIT is ¥555.0M making its interest coverage ratio -12.3. It has cash and short-term investments of ¥4.4B.
Key information
22.6%
Debt to equity ratio
JP¥2.19b
Debt
Interest coverage ratio | -12.3x |
Cash | JP¥4.38b |
Equity | JP¥9.71b |
Total liabilities | JP¥8.36b |
Total assets | JP¥18.07b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7953's short term assets (¥11.6B) exceed its short term liabilities (¥6.8B).
Long Term Liabilities: 7953's short term assets (¥11.6B) exceed its long term liabilities (¥1.6B).
Debt to Equity History and Analysis
Debt Level: 7953 has more cash than its total debt.
Reducing Debt: 7953's debt to equity ratio has reduced from 33.7% to 22.6% over the past 5 years.
Debt Coverage: 7953's debt is well covered by operating cash flow (49.4%).
Interest Coverage: 7953 earns more interest than it pays, so coverage of interest payments is not a concern.