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 ratio22.5x
CashJP¥43.29b
EquityJP¥481.39b
Total liabilitiesJP¥404.83b
Total assetsJP¥886.22b

Recent financial health updates

Recent updates

These 4 Measures Indicate That Kaneka (TSE:4118) Is Using Debt Extensively

Aug 03
These 4 Measures Indicate That Kaneka (TSE:4118) Is Using Debt Extensively

Kaneka Corporation (TSE:4118) Might Not Be As Mispriced As It Looks

Jul 12
Kaneka Corporation (TSE:4118) Might Not Be As Mispriced As It Looks

Kaneka's (TSE:4118) Profits May Not Reveal Underlying Issues

May 22
Kaneka's (TSE:4118) Profits May Not Reveal Underlying Issues

Investors Aren't Entirely Convinced By Kaneka Corporation's (TSE:4118) Earnings

Mar 21
Investors Aren't Entirely Convinced By Kaneka Corporation's (TSE:4118) Earnings

Financial 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).


Balance Sheet


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