Kaneka Balance Sheet Health
Financial Health criteria checks 5/6
Kaneka has a total shareholder equity of ¥474.9B and total debt of ¥187.0B, which brings its debt-to-equity ratio to 39.4%. Its total assets and total liabilities are ¥857.5B and ¥382.6B respectively. Kaneka's EBIT is ¥37.9B making its interest coverage ratio 21.2. It has cash and short-term investments of ¥38.8B.
Key information
39.4%
Debt to equity ratio
JP¥187.03b
Debt
| Interest coverage ratio | 21.2x |
| Cash | JP¥38.83b |
| Equity | JP¥474.92b |
| Total liabilities | JP¥382.59b |
| Total assets | JP¥857.51b |
Recent financial health updates
Recent updates
Kaneka's (TSE:4118) Earnings Are Weaker Than They Seem
Nov 20
Kaneka's (TSE:4118) Returns Have Hit A Wall
Nov 13These 4 Measures Indicate That Kaneka (TSE:4118) Is Using Debt Extensively
Aug 03Kaneka 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 (¥415.3B) exceed its short term liabilities (¥285.8B).
Long Term Liabilities: 4118's short term assets (¥415.3B) exceed its long term liabilities (¥96.8B).
Debt to Equity History and Analysis
Debt Level: 4118's net debt to equity ratio (31.2%) is considered satisfactory.
Reducing Debt: 4118's debt to equity ratio has increased from 34.7% to 39.4% over the past 5 years.
Debt Coverage: 4118's debt is well covered by operating cash flow (32.6%).
Interest Coverage: 4118's interest payments on its debt are well covered by EBIT (21.2x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 04:30 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Kaneka Corporation is covered by 20 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kyoji Chiba | BofA Global Research |
| Takao Kanai | Citigroup Global Markets Japan Inc. |
| Takao Kanai | Citigroup Inc |