Kikkoman Balance Sheet Health
Financial Health criteria checks 6/6
Kikkoman has a total shareholder equity of ¥460.7B and total debt of ¥18.2B, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are ¥616.5B and ¥155.8B respectively. Kikkoman's EBIT is ¥64.9B making its interest coverage ratio -13.9. It has cash and short-term investments of ¥120.4B.
Key information
4.0%
Debt to equity ratio
JP¥18.23b
Debt
Interest coverage ratio | -13.9x |
Cash | JP¥120.42b |
Equity | JP¥460.74b |
Total liabilities | JP¥155.80b |
Total assets | JP¥616.55b |
Financial Position Analysis
Short Term Liabilities: 2801's short term assets (¥305.8B) exceed its short term liabilities (¥87.7B).
Long Term Liabilities: 2801's short term assets (¥305.8B) exceed its long term liabilities (¥68.1B).
Debt to Equity History and Analysis
Debt Level: 2801 has more cash than its total debt.
Reducing Debt: 2801's debt to equity ratio has reduced from 7.2% to 4% over the past 5 years.
Debt Coverage: 2801's debt is well covered by operating cash flow (421.4%).
Interest Coverage: 2801 earns more interest than it pays, so coverage of interest payments is not a concern.