Kitanihon Spinning Balance Sheet Health
Financial Health criteria checks 4/6
Kitanihon Spinning has a total shareholder equity of ¥897.0M and total debt of ¥540.0M, which brings its debt-to-equity ratio to 60.2%. Its total assets and total liabilities are ¥1.9B and ¥960.0M respectively.
Key information
60.2%
Debt to equity ratio
JP¥540.00m
Debt
Interest coverage ratio | n/a |
Cash | JP¥216.00m |
Equity | JP¥897.00m |
Total liabilities | JP¥960.00m |
Total assets | JP¥1.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3409's short term assets (¥617.0M) do not cover its short term liabilities (¥634.0M).
Long Term Liabilities: 3409's short term assets (¥617.0M) exceed its long term liabilities (¥326.0M).
Debt to Equity History and Analysis
Debt Level: 3409's net debt to equity ratio (36.1%) is considered satisfactory.
Reducing Debt: 3409's debt to equity ratio has reduced from 79.1% to 60.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: 3409 has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: 3409 has less than a year of cash runway if free cash flow continues to reduce at historical rates of 2.7% each year