Kitoku Shinryo Balance Sheet Health
Financial Health criteria checks 6/6
Kitoku Shinryo has a total shareholder equity of ¥14.7B and total debt of ¥4.8B, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are ¥26.0B and ¥11.3B respectively. Kitoku Shinryo's EBIT is ¥1.9B making its interest coverage ratio -18.2. It has cash and short-term investments of ¥2.1B.
Key information
32.5%
Debt to equity ratio
JP¥4.79b
Debt
| Interest coverage ratio | -18.2x |
| Cash | JP¥2.14b |
| Equity | JP¥14.74b |
| Total liabilities | JP¥11.28b |
| Total assets | JP¥26.02b |
Recent financial health updates
Recent updates
Is Kitoku Shinryo (TYO:2700) A Risky Investment?
Mar 10
Key Things To Consider Before Buying Kitoku Shinryo Co., Ltd. (TYO:2700) For Its Dividend
Jan 29Read This Before Considering Kitoku Shinryo Co., Ltd. (TYO:2700) For Its Upcoming JP¥25.00 Dividend
Dec 23
Reflecting on Kitoku Shinryo's (TYO:2700) Share Price Returns Over The Last Three Years
Dec 17Financial Position Analysis
Short Term Liabilities: 2700's short term assets (¥16.4B) exceed its short term liabilities (¥9.5B).
Long Term Liabilities: 2700's short term assets (¥16.4B) exceed its long term liabilities (¥1.8B).
Debt to Equity History and Analysis
Debt Level: 2700's net debt to equity ratio (17.9%) is considered satisfactory.
Reducing Debt: 2700's debt to equity ratio has reduced from 111.4% to 32.5% over the past 5 years.
Debt Coverage: 2700's debt is well covered by operating cash flow (55.4%).
Interest Coverage: 2700 earns more interest than it pays, so coverage of interest payments is not a concern.