Kitazawa Sangyo Balance Sheet Health
Financial Health criteria checks 6/6
Kitazawa Sangyo has a total shareholder equity of ¥9.9B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are ¥17.6B and ¥7.7B respectively. Kitazawa Sangyo's EBIT is ¥994.0M making its interest coverage ratio -29.2. It has cash and short-term investments of ¥4.2B.
Key information
21.3%
Debt to equity ratio
JP¥2.12b
Debt
Interest coverage ratio | -29.2x |
Cash | JP¥4.20b |
Equity | JP¥9.93b |
Total liabilities | JP¥7.70b |
Total assets | JP¥17.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9930's short term assets (¥9.0B) exceed its short term liabilities (¥6.6B).
Long Term Liabilities: 9930's short term assets (¥9.0B) 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 23.6% to 21.3% over the past 5 years.
Debt Coverage: 9930's debt is well covered by operating cash flow (24.8%).
Interest Coverage: 9930 earns more interest than it pays, so coverage of interest payments is not a concern.