Kobe Steel Balance Sheet Health
Financial Health criteria checks 4/6
Kobe Steel has a total shareholder equity of ¥1,179.3B and total debt of ¥792.9B, which brings its debt-to-equity ratio to 67.2%. Its total assets and total liabilities are ¥2,847.3B and ¥1,668.0B respectively. Kobe Steel's EBIT is ¥172.2B making its interest coverage ratio 27.2. It has cash and short-term investments of ¥195.6B.
Key information
67.2%
Debt to equity ratio
JP¥792.86b
Debt
| Interest coverage ratio | 27.2x |
| Cash | JP¥195.58b |
| Equity | JP¥1.18t |
| Total liabilities | JP¥1.67t |
| Total assets | JP¥2.85t |
Recent financial health updates
Does Kobe Steel (TSE:5406) Have A Healthy Balance Sheet?
Aug 08
These 4 Measures Indicate That Kobe Steel (TSE:5406) Is Using Debt Extensively
Apr 16Recent updates
There May Be Reason For Hope In Kobe Steel's (TSE:5406) Disappointing Earnings
Nov 14Investors Don't See Light At End Of Kobe Steel, Ltd.'s (TSE:5406) Tunnel
Nov 04Are Investors Undervaluing Kobe Steel, Ltd. (TSE:5406) By 34%?
Sep 19Kobe Steel (TSE:5406) Is Experiencing Growth In Returns On Capital
Aug 29Does Kobe Steel (TSE:5406) Have A Healthy Balance Sheet?
Aug 08Benign Growth For Kobe Steel, Ltd. (TSE:5406) Underpins Its Share Price
Jul 17Kobe Steel (TSE:5406) Shareholders Will Want The ROCE Trajectory To Continue
May 30A Look At The Intrinsic Value Of Kobe Steel, Ltd. (TSE:5406)
May 07These 4 Measures Indicate That Kobe Steel (TSE:5406) Is Using Debt Extensively
Apr 16Kobe Steel's (TSE:5406) Dividend Will Be ¥45.00
Mar 18Kobe Steel's (TSE:5406) Dividend Will Be ¥45.00
Feb 26Financial Position Analysis
Short Term Liabilities: 5406's short term assets (¥1,411.5B) exceed its short term liabilities (¥910.5B).
Long Term Liabilities: 5406's short term assets (¥1,411.5B) exceed its long term liabilities (¥757.5B).
Debt to Equity History and Analysis
Debt Level: 5406's net debt to equity ratio (50.6%) is considered high.
Reducing Debt: 5406's debt to equity ratio has reduced from 100.7% to 67.2% over the past 5 years.
Debt Coverage: 5406's debt is not well covered by operating cash flow (7.2%).
Interest Coverage: 5406's interest payments on its debt are well covered by EBIT (27.2x coverage).