Kuraray Balance Sheet Health
Financial Health criteria checks 6/6
Kuraray has a total shareholder equity of ¥747.2B and total debt of ¥256.3B, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are ¥1,254.3B and ¥507.1B respectively. Kuraray's EBIT is ¥87.7B making its interest coverage ratio -63.3. It has cash and short-term investments of ¥113.2B.
Key information
34.3%
Debt to equity ratio
JP¥256.27b
Debt
| Interest coverage ratio | -63.3x |
| Cash | JP¥113.24b |
| Equity | JP¥747.22b |
| Total liabilities | JP¥507.10b |
| Total assets | JP¥1.25t |
Recent financial health updates
Recent updates
Kuraray (TSE:3405) Is Due To Pay A Dividend Of ¥27.00
Dec 03
Kuraray's (TSE:3405) Dividend Will Be ¥27.00
Nov 18Kuraray Co., Ltd. Just Beat EPS By 19%: Here's What Analysts Think Will Happen Next
Nov 16Kuraray's (TSE:3405) Dividend Will Be ¥27.00
Sep 23Investors Still Aren't Entirely Convinced By Kuraray Co., Ltd.'s (TSE:3405) Earnings Despite 32% Price Jump
Sep 04Kuraray (TSE:3405) Will Pay A Dividend Of ¥27.00
Aug 27Kuraray's (TSE:3405) Dividend Will Be ¥27.00
Aug 12Is Kuraray (TSE:3405) A Risky Investment?
Aug 08Kuraray Co., Ltd. (TSE:3405) Might Not Be As Mispriced As It Looks
Jul 17Kuraray (TSE:3405) Hasn't Managed To Accelerate Its Returns
May 28Is Kuraray (TSE:3405) Using Too Much Debt?
May 09Kuraray's (TSE:3405) Soft Earnings Don't Show The Whole Picture
Apr 03Is Kuraray Co., Ltd. (TSE:3405) Trading At A 33% Discount?
Mar 23Financial Position Analysis
Short Term Liabilities: 3405's short term assets (¥551.9B) exceed its short term liabilities (¥208.3B).
Long Term Liabilities: 3405's short term assets (¥551.9B) exceed its long term liabilities (¥298.8B).
Debt to Equity History and Analysis
Debt Level: 3405's net debt to equity ratio (19.1%) is considered satisfactory.
Reducing Debt: 3405's debt to equity ratio has reduced from 43% to 34.3% over the past 5 years.
Debt Coverage: 3405's debt is well covered by operating cash flow (52.8%).
Interest Coverage: 3405 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 07:39 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Kuraray Co., Ltd. is covered by 26 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Toshiro Yoshinaga | Aizawa Securities Co. Ltd. |
| Mikiya Yamada | Barclays |
| Kei Rameau | BNP Paribas Securities (Asia) |