Kanto Denka Kogyo Balance Sheet Health
Financial Health criteria checks 5/6
Kanto Denka Kogyo has a total shareholder equity of ¥69.2B and total debt of ¥42.3B, which brings its debt-to-equity ratio to 61.1%. Its total assets and total liabilities are ¥132.3B and ¥63.2B respectively. Kanto Denka Kogyo's EBIT is ¥2.4B making its interest coverage ratio 18.2. It has cash and short-term investments of ¥28.1B.
Key information
61.1%
Debt to equity ratio
JP¥42.28b
Debt
| Interest coverage ratio | 18.2x |
| Cash | JP¥28.10b |
| Equity | JP¥69.15b |
| Total liabilities | JP¥63.18b |
| Total assets | JP¥132.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4047's short term assets (¥68.8B) exceed its short term liabilities (¥31.3B).
Long Term Liabilities: 4047's short term assets (¥68.8B) exceed its long term liabilities (¥31.8B).
Debt to Equity History and Analysis
Debt Level: 4047's net debt to equity ratio (20.5%) is considered satisfactory.
Reducing Debt: 4047's debt to equity ratio has increased from 35.3% to 61.1% over the past 5 years.
Debt Coverage: 4047's debt is well covered by operating cash flow (31%).
Interest Coverage: 4047's interest payments on its debt are well covered by EBIT (18.2x coverage).