Hokuetsu Balance Sheet Health
Financial Health criteria checks 6/6
Hokuetsu has a total shareholder equity of ¥257.3B and total debt of ¥107.5B, which brings its debt-to-equity ratio to 41.8%. Its total assets and total liabilities are ¥423.9B and ¥166.6B respectively. Hokuetsu's EBIT is ¥11.2B making its interest coverage ratio -12. It has cash and short-term investments of ¥24.5B.
Key information
41.8%
Debt to equity ratio
JP¥107.54b
Debt
Interest coverage ratio | -12x |
Cash | JP¥24.54b |
Equity | JP¥257.32b |
Total liabilities | JP¥166.58b |
Total assets | JP¥423.90b |
Recent financial health updates
Does Hokuetsu (TSE:3865) Have A Healthy Balance Sheet?
Aug 13Is Hokuetsu (TSE:3865) Using Too Much Debt?
Apr 05Recent updates
Does Hokuetsu (TSE:3865) Have A Healthy Balance Sheet?
Aug 13Hokuetsu's (TSE:3865) Upcoming Dividend Will Be Larger Than Last Year's
Jul 26Hokuetsu (TSE:3865) Is Increasing Its Dividend To ¥11.00
Jul 11Estimating The Fair Value Of Hokuetsu Corporation (TSE:3865)
Jun 29Some May Be Optimistic About Hokuetsu's (TSE:3865) Earnings
May 23Is Hokuetsu (TSE:3865) Using Too Much Debt?
Apr 05Shareholders Should Be Pleased With Hokuetsu Corporation's (TSE:3865) Price
Mar 18Investors Will Want Hokuetsu's (TSE:3865) Growth In ROCE To Persist
Feb 29Financial Position Analysis
Short Term Liabilities: 3865's short term assets (¥185.8B) exceed its short term liabilities (¥86.0B).
Long Term Liabilities: 3865's short term assets (¥185.8B) exceed its long term liabilities (¥80.6B).
Debt to Equity History and Analysis
Debt Level: 3865's net debt to equity ratio (32.3%) is considered satisfactory.
Reducing Debt: 3865's debt to equity ratio has reduced from 56.4% to 41.8% over the past 5 years.
Debt Coverage: 3865's debt is well covered by operating cash flow (20.8%).
Interest Coverage: 3865 earns more interest than it pays, so coverage of interest payments is not a concern.