Gourmet KineyaLtd Balance Sheet Health
Financial Health criteria checks 2/6
Gourmet KineyaLtd has a total shareholder equity of ¥8.9B and total debt of ¥20.6B, which brings its debt-to-equity ratio to 231.1%. Its total assets and total liabilities are ¥37.7B and ¥28.8B respectively. Gourmet KineyaLtd's EBIT is ¥422.0M making its interest coverage ratio 3.4. It has cash and short-term investments of ¥12.3B.
Key information
231.1%
Debt to equity ratio
JP¥20.56b
Debt
Interest coverage ratio | 3.4x |
Cash | JP¥12.29b |
Equity | JP¥8.90b |
Total liabilities | JP¥28.79b |
Total assets | JP¥37.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9850's short term assets (¥15.6B) exceed its short term liabilities (¥8.2B).
Long Term Liabilities: 9850's short term assets (¥15.6B) do not cover its long term liabilities (¥20.6B).
Debt to Equity History and Analysis
Debt Level: 9850's net debt to equity ratio (93%) is considered high.
Reducing Debt: 9850's debt to equity ratio has increased from 76.4% to 231.1% over the past 5 years.
Debt Coverage: 9850's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: 9850's interest payments on its debt are well covered by EBIT (3.4x coverage).