Denka Balance Sheet Health
Financial Health criteria checks 3/6
Denka has a total shareholder equity of ¥323.5B and total debt of ¥183.7B, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are ¥632.7B and ¥309.3B respectively. Denka's EBIT is ¥15.3B making its interest coverage ratio 38.1. It has cash and short-term investments of ¥38.9B.
Key information
56.8%
Debt to equity ratio
JP¥183.70b
Debt
| Interest coverage ratio | 38.1x |
| Cash | JP¥38.86b |
| Equity | JP¥323.49b |
| Total liabilities | JP¥309.26b |
| Total assets | JP¥632.75b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4061's short term assets (¥272.5B) exceed its short term liabilities (¥194.2B).
Long Term Liabilities: 4061's short term assets (¥272.5B) exceed its long term liabilities (¥115.0B).
Debt to Equity History and Analysis
Debt Level: 4061's net debt to equity ratio (44.8%) is considered high.
Reducing Debt: 4061's debt to equity ratio has increased from 46.5% to 56.8% over the past 5 years.
Debt Coverage: 4061's debt is not well covered by operating cash flow (19.7%).
Interest Coverage: 4061's interest payments on its debt are well covered by EBIT (38.1x coverage).