Kaneka Balance Sheet Health
Financial Health criteria checks 5/6
Kaneka has a total shareholder equity of ¥481.4B and total debt of ¥189.5B, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are ¥886.2B and ¥404.8B respectively. Kaneka's EBIT is ¥36.1B making its interest coverage ratio 22.5. It has cash and short-term investments of ¥43.3B.
Key information
39.4%
Debt to equity ratio
JP¥189.47b
Debt
| Interest coverage ratio | 22.5x |
| Cash | JP¥43.29b |
| Equity | JP¥481.39b |
| Total liabilities | JP¥404.83b |
| Total assets | JP¥886.22b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Kaneka (TSE:4118) Is Using Debt Extensively
Aug 03
Kaneka Corporation (TSE:4118) Might Not Be As Mispriced As It Looks
Jul 12Kaneka's (TSE:4118) Profits May Not Reveal Underlying Issues
May 22Investors Aren't Entirely Convinced By Kaneka Corporation's (TSE:4118) Earnings
Mar 21Financial Position Analysis
Short Term Liabilities: 4118's short term assets (¥435.7B) exceed its short term liabilities (¥300.8B).
Long Term Liabilities: 4118's short term assets (¥435.7B) exceed its long term liabilities (¥104.1B).
Debt to Equity History and Analysis
Debt Level: 4118's net debt to equity ratio (30.4%) is considered satisfactory.
Reducing Debt: 4118's debt to equity ratio has increased from 32.9% to 39.4% over the past 5 years.
Debt Coverage: 4118's debt is well covered by operating cash flow (32.7%).
Interest Coverage: 4118's interest payments on its debt are well covered by EBIT (22.5x coverage).