Kuraray Balance Sheet Health
Financial Health criteria checks 6/6
Kuraray has a total shareholder equity of ¥780.6B and total debt of ¥266.8B, which brings its debt-to-equity ratio to 34.2%. Its total assets and total liabilities are ¥1,293.0B and ¥512.5B respectively. Kuraray's EBIT is ¥82.9B making its interest coverage ratio -135.1. It has cash and short-term investments of ¥125.8B.
Key information
34.2%
Debt to equity ratio
JP¥266.84b
Debt
| Interest coverage ratio | -135.1x |
| Cash | JP¥125.76b |
| Equity | JP¥780.59b |
| Total liabilities | JP¥512.45b |
| Total assets | JP¥1.29t |
Recent financial health updates
Recent updates
Kuraray Co., Ltd. (TSE:3405) Might Not Be As Mispriced As It Looks
Jul 17
Kuraray (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 (¥571.8B) exceed its short term liabilities (¥198.3B).
Long Term Liabilities: 3405's short term assets (¥571.8B) exceed its long term liabilities (¥314.1B).
Debt to Equity History and Analysis
Debt Level: 3405's net debt to equity ratio (18.1%) is considered satisfactory.
Reducing Debt: 3405's debt to equity ratio has reduced from 44.3% to 34.2% over the past 5 years.
Debt Coverage: 3405's debt is well covered by operating cash flow (48.5%).
Interest Coverage: 3405 earns more interest than it pays, so coverage of interest payments is not a concern.