Kanematsu Balance Sheet Health
Financial Health criteria checks 4/6
Kanematsu has a total shareholder equity of ¥184.2B and total debt of ¥193.3B, which brings its debt-to-equity ratio to 104.9%. Its total assets and total liabilities are ¥702.6B and ¥518.4B respectively. Kanematsu's EBIT is ¥33.9B making its interest coverage ratio 9.4. It has cash and short-term investments of ¥53.0B.
Key information
104.9%
Debt to equity ratio
JP¥193.32b
Debt
| Interest coverage ratio | 9.4x |
| Cash | JP¥53.00b |
| Equity | JP¥184.23b |
| Total liabilities | JP¥518.40b |
| Total assets | JP¥702.63b |
Recent financial health updates
Recent updates
Solid Earnings Reflect Kanematsu's (TSE:8020) Strength As A Business
Nov 08
Under The Bonnet, Kanematsu's (TSE:8020) Returns Look Impressive
Oct 14Kanematsu Corporation's (TSE:8020) Price Is Right But Growth Is Lacking
Sep 02Kanematsu's (TSE:8020) Shareholders Will Receive A Bigger Dividend Than Last Year
Aug 08Kanematsu's (TSE:8020) Dividend Will Be Increased To ¥50.00
Jul 25Kanematsu's (TSE:8020) Upcoming Dividend Will Be Larger Than Last Year's
Jul 11Here's Why Kanematsu (TSE:8020) Has A Meaningful Debt Burden
Jun 04Kanematsu Corporation (TSE:8020) Might Not Be As Mispriced As It Looks
Apr 17Kanematsu's (TSE:8020) Dividend Will Be ¥45.00
Feb 26Financial Position Analysis
Short Term Liabilities: 8020's short term assets (¥514.1B) exceed its short term liabilities (¥389.1B).
Long Term Liabilities: 8020's short term assets (¥514.1B) exceed its long term liabilities (¥129.3B).
Debt to Equity History and Analysis
Debt Level: 8020's net debt to equity ratio (76.2%) is considered high.
Reducing Debt: 8020's debt to equity ratio has increased from 78.8% to 104.9% over the past 5 years.
Debt Coverage: 8020's debt is well covered by operating cash flow (36.7%).
Interest Coverage: 8020's interest payments on its debt are well covered by EBIT (9.4x coverage).