Kyowa Leather Cloth Balance Sheet Health
Financial Health criteria checks 6/6
Kyowa Leather Cloth has a total shareholder equity of ¥36.3B and total debt of ¥368.0M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are ¥58.4B and ¥22.1B respectively. Kyowa Leather Cloth's EBIT is ¥2.7B making its interest coverage ratio -56.1. It has cash and short-term investments of ¥13.9B.
Key information
1.0%
Debt to equity ratio
JP¥368.00m
Debt
Interest coverage ratio | -56.1x |
Cash | JP¥13.87b |
Equity | JP¥36.31b |
Total liabilities | JP¥22.12b |
Total assets | JP¥58.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3553's short term assets (¥34.8B) exceed its short term liabilities (¥19.6B).
Long Term Liabilities: 3553's short term assets (¥34.8B) exceed its long term liabilities (¥2.6B).
Debt to Equity History and Analysis
Debt Level: 3553 has more cash than its total debt.
Reducing Debt: 3553's debt to equity ratio has reduced from 2.7% to 1% over the past 5 years.
Debt Coverage: 3553's debt is well covered by operating cash flow (1569%).
Interest Coverage: 3553 earns more interest than it pays, so coverage of interest payments is not a concern.