Kanaden Balance Sheet Health
Financial Health criteria checks 5/6
Kanaden has a total shareholder equity of ¥48.2B and total debt of ¥702.0M, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are ¥85.6B and ¥37.4B respectively. Kanaden's EBIT is ¥4.5B making its interest coverage ratio -39.9. It has cash and short-term investments of ¥17.0B.
Key information
1.5%
Debt to equity ratio
JP¥702.00m
Debt
Interest coverage ratio | -39.9x |
Cash | JP¥17.05b |
Equity | JP¥48.20b |
Total liabilities | JP¥37.39b |
Total assets | JP¥85.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8081's short term assets (¥68.4B) exceed its short term liabilities (¥36.7B).
Long Term Liabilities: 8081's short term assets (¥68.4B) exceed its long term liabilities (¥706.0M).
Debt to Equity History and Analysis
Debt Level: 8081 has more cash than its total debt.
Reducing Debt: 8081's debt to equity ratio has increased from 0% to 1.5% over the past 5 years.
Debt Coverage: 8081's debt is well covered by operating cash flow (542.6%).
Interest Coverage: 8081 earns more interest than it pays, so coverage of interest payments is not a concern.