Hikari Tsushin Balance Sheet Health
Financial Health criteria checks 5/6
Hikari Tsushin has a total shareholder equity of ¥819.2B and total debt of ¥822.5B, which brings its debt-to-equity ratio to 100.4%. Its total assets and total liabilities are ¥2,079.0B and ¥1,259.7B respectively. Hikari Tsushin's EBIT is ¥92.5B making its interest coverage ratio -2. It has cash and short-term investments of ¥547.1B.
Key information
100.4%
Debt to equity ratio
JP¥822.49b
Debt
Interest coverage ratio | -2x |
Cash | JP¥547.05b |
Equity | JP¥819.25b |
Total liabilities | JP¥1.26t |
Total assets | JP¥2.08t |
Financial Position Analysis
Short Term Liabilities: 9435's short term assets (¥840.8B) exceed its short term liabilities (¥437.7B).
Long Term Liabilities: 9435's short term assets (¥840.8B) exceed its long term liabilities (¥822.0B).
Debt to Equity History and Analysis
Debt Level: 9435's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: 9435's debt to equity ratio has reduced from 114.6% to 100.4% over the past 5 years.
Debt Coverage: 9435's debt is not well covered by operating cash flow (15.8%).
Interest Coverage: 9435 earns more interest than it pays, so coverage of interest payments is not a concern.