Kitoku Shinryo Balance Sheet Health
Financial Health criteria checks 4/6
Kitoku Shinryo has a total shareholder equity of ¥13.4B and total debt of ¥9.9B, which brings its debt-to-equity ratio to 73.7%. Its total assets and total liabilities are ¥32.1B and ¥18.7B respectively. Kitoku Shinryo's EBIT is ¥2.1B making its interest coverage ratio -25. It has cash and short-term investments of ¥2.5B.
Key information
73.7%
Debt to equity ratio
JP¥9.87b
Debt
Interest coverage ratio | -25x |
Cash | JP¥2.55b |
Equity | JP¥13.39b |
Total liabilities | JP¥18.72b |
Total assets | JP¥32.11b |
Recent financial health updates
Recent updates
Is Kitoku Shinryo (TYO:2700) A Risky Investment?
Mar 10Key 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 23Reflecting 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 (¥22.7B) exceed its short term liabilities (¥15.3B).
Long Term Liabilities: 2700's short term assets (¥22.7B) exceed its long term liabilities (¥3.4B).
Debt to Equity History and Analysis
Debt Level: 2700's net debt to equity ratio (54.6%) is considered high.
Reducing Debt: 2700's debt to equity ratio has reduced from 165.3% to 73.7% over the past 5 years.
Debt Coverage: 2700's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: 2700 earns more interest than it pays, so coverage of interest payments is not a concern.