Kaneko Seeds Balance Sheet Health
Financial Health criteria checks 6/6
Kaneko Seeds has a total shareholder equity of ¥24.2B and total debt of ¥3.0B, which brings its debt-to-equity ratio to 12.5%. Its total assets and total liabilities are ¥44.8B and ¥20.6B respectively. Kaneko Seeds's EBIT is ¥1.4B making its interest coverage ratio -26.7. It has cash and short-term investments of ¥2.0B.
Key information
12.5%
Debt to equity ratio
JP¥3.02b
Debt
| Interest coverage ratio | -26.7x |
| Cash | JP¥2.03b |
| Equity | JP¥24.23b |
| Total liabilities | JP¥20.61b |
| Total assets | JP¥44.84b |
Recent financial health updates
No updates
Recent updates
Kaneko Seeds (TSE:1376) Has Announced A Dividend Of ¥11.00
Sep 20
Kaneko Seeds (TSE:1376) Is Paying Out A Dividend Of ¥20.00
May 23Kaneko Seeds' (TSE:1376) Dividend Will Be ¥20.00
May 03Kaneko Seeds (TSE:1376) Will Pay A Dividend Of ¥20.00
Apr 19Kaneko Seeds (TSE:1376) Has Announced A Dividend Of ¥20.00
Apr 01Kaneko Seeds (TSE:1376) Is Due To Pay A Dividend Of ¥20.00
Feb 28Financial Position Analysis
Short Term Liabilities: 1376's short term assets (¥34.5B) exceed its short term liabilities (¥19.4B).
Long Term Liabilities: 1376's short term assets (¥34.5B) exceed its long term liabilities (¥1.2B).
Debt to Equity History and Analysis
Debt Level: 1376's net debt to equity ratio (4.1%) is considered satisfactory.
Reducing Debt: 1376's debt to equity ratio has reduced from 14.4% to 12.5% over the past 5 years.
Debt Coverage: 1376's debt is well covered by operating cash flow (74%).
Interest Coverage: 1376 earns more interest than it pays, so coverage of interest payments is not a concern.