Kewpie Balance Sheet Health
Financial Health criteria checks 6/6
Kewpie has a total shareholder equity of ¥312.6B and total debt of ¥17.9B, which brings its debt-to-equity ratio to 5.7%. Its total assets and total liabilities are ¥413.4B and ¥100.8B respectively. Kewpie's EBIT is ¥25.9B making its interest coverage ratio -34.4. It has cash and short-term investments of ¥60.6B.
Key information
5.7%
Debt to equity ratio
JP¥17.87b
Debt
Interest coverage ratio | -34.4x |
Cash | JP¥60.62b |
Equity | JP¥312.62b |
Total liabilities | JP¥100.79b |
Total assets | JP¥413.41b |
Financial Position Analysis
Short Term Liabilities: 2809's short term assets (¥166.1B) exceed its short term liabilities (¥62.4B).
Long Term Liabilities: 2809's short term assets (¥166.1B) exceed its long term liabilities (¥38.4B).
Debt to Equity History and Analysis
Debt Level: 2809 has more cash than its total debt.
Reducing Debt: 2809's debt to equity ratio has reduced from 22.7% to 5.7% over the past 5 years.
Debt Coverage: 2809's debt is well covered by operating cash flow (132.8%).
Interest Coverage: 2809 earns more interest than it pays, so coverage of interest payments is not a concern.