Denka Balance Sheet Health
Financial Health criteria checks 3/6
Denka has a total shareholder equity of ¥332.7B and total debt of ¥203.5B, which brings its debt-to-equity ratio to 61.2%. Its total assets and total liabilities are ¥650.1B and ¥317.3B respectively. Denka's EBIT is ¥12.2B making its interest coverage ratio 30.9. It has cash and short-term investments of ¥38.5B.
Key information
61.2%
Debt to equity ratio
JP¥203.52b
Debt
| Interest coverage ratio | 30.9x |
| Cash | JP¥38.47b |
| Equity | JP¥332.74b |
| Total liabilities | JP¥317.35b |
| Total assets | JP¥650.09b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4061's short term assets (¥279.2B) exceed its short term liabilities (¥202.8B).
Long Term Liabilities: 4061's short term assets (¥279.2B) exceed its long term liabilities (¥114.6B).
Debt to Equity History and Analysis
Debt Level: 4061's net debt to equity ratio (49.6%) is considered high.
Reducing Debt: 4061's debt to equity ratio has increased from 49.2% to 61.2% over the past 5 years.
Debt Coverage: 4061's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: 4061's interest payments on its debt are well covered by EBIT (30.9x coverage).