Kitazawa Sangyo Balance Sheet Health
Financial Health criteria checks 6/6
Kitazawa Sangyo has a total shareholder equity of ¥10.4B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are ¥18.1B and ¥7.8B respectively. Kitazawa Sangyo's EBIT is ¥1.0B making its interest coverage ratio -24.6. It has cash and short-term investments of ¥4.3B.
Key information
20.4%
Debt to equity ratio
JP¥2.12b
Debt
| Interest coverage ratio | -24.6x |
| Cash | JP¥4.29b |
| Equity | JP¥10.37b |
| Total liabilities | JP¥7.77b |
| Total assets | JP¥18.14b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9930's short term assets (¥8.7B) exceed its short term liabilities (¥6.7B).
Long Term Liabilities: 9930's short term assets (¥8.7B) exceed its long term liabilities (¥1.1B).
Debt to Equity History and Analysis
Debt Level: 9930 has more cash than its total debt.
Reducing Debt: 9930's debt to equity ratio has reduced from 23.7% to 20.4% over the past 5 years.
Debt Coverage: 9930's debt is well covered by operating cash flow (68.1%).
Interest Coverage: 9930 earns more interest than it pays, so coverage of interest payments is not a concern.