Hokko Chemical Industry Balance Sheet Health
Financial Health criteria checks 6/6
Hokko Chemical Industry has a total shareholder equity of ¥53.9B and total debt of ¥3.2B, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are ¥79.8B and ¥25.9B respectively. Hokko Chemical Industry's EBIT is ¥3.9B making its interest coverage ratio -12.3. It has cash and short-term investments of ¥2.5B.
Key information
6.0%
Debt to equity ratio
JP¥3.21b
Debt
Interest coverage ratio | -12.3x |
Cash | JP¥2.51b |
Equity | JP¥53.90b |
Total liabilities | JP¥25.88b |
Total assets | JP¥79.77b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4992's short term assets (¥41.5B) exceed its short term liabilities (¥15.0B).
Long Term Liabilities: 4992's short term assets (¥41.5B) exceed its long term liabilities (¥10.8B).
Debt to Equity History and Analysis
Debt Level: 4992's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: 4992's debt to equity ratio has reduced from 23.2% to 6% over the past 5 years.
Debt Coverage: 4992's debt is well covered by operating cash flow (150.5%).
Interest Coverage: 4992 earns more interest than it pays, so coverage of interest payments is not a concern.