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's (TSE:3405) Dividend Will Be ¥27.00
Nov 18
Kuraray 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.