Kaneka Balance Sheet Health
Financial Health criteria checks 5/6
Kaneka has a total shareholder equity of ¥455.5B and total debt of ¥181.2B, which brings its debt-to-equity ratio to 39.8%. Its total assets and total liabilities are ¥850.6B and ¥395.1B respectively. Kaneka's EBIT is ¥27.9B making its interest coverage ratio 25.4. It has cash and short-term investments of ¥45.4B.
Key information
39.8%
Debt to equity ratio
JP¥181.16b
Debt
Interest coverage ratio | 25.4x |
Cash | JP¥45.43b |
Equity | JP¥455.51b |
Total liabilities | JP¥395.11b |
Total assets | JP¥850.62b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4118's short term assets (¥425.6B) exceed its short term liabilities (¥294.4B).
Long Term Liabilities: 4118's short term assets (¥425.6B) exceed its long term liabilities (¥100.7B).
Debt to Equity History and Analysis
Debt Level: 4118's net debt to equity ratio (29.8%) is considered satisfactory.
Reducing Debt: 4118's debt to equity ratio has increased from 34.1% to 39.8% over the past 5 years.
Debt Coverage: 4118's debt is well covered by operating cash flow (23.4%).
Interest Coverage: 4118's interest payments on its debt are well covered by EBIT (25.4x coverage).