Kobe Steel Balance Sheet Health
Financial Health criteria checks 5/6
Kobe Steel has a total shareholder equity of ¥1,127.3B and total debt of ¥823.4B, which brings its debt-to-equity ratio to 73%. Its total assets and total liabilities are ¥2,919.8B and ¥1,792.4B respectively. Kobe Steel's EBIT is ¥186.6B making its interest coverage ratio 26.1. It has cash and short-term investments of ¥278.8B.
Key information
73.0%
Debt to equity ratio
JP¥823.43b
Debt
| Interest coverage ratio | 26.1x |
| Cash | JP¥278.84b |
| Equity | JP¥1.13t |
| Total liabilities | JP¥1.79t |
| Total assets | JP¥2.92t |
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
Does 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 (¥1,465.7B) exceed its short term liabilities (¥989.0B).
Long Term Liabilities: 5406's short term assets (¥1,465.7B) exceed its long term liabilities (¥803.4B).
Debt to Equity History and Analysis
Debt Level: 5406's net debt to equity ratio (48.3%) is considered high.
Reducing Debt: 5406's debt to equity ratio has reduced from 94.7% to 73% over the past 5 years.
Debt Coverage: 5406's debt is well covered by operating cash flow (24.9%).
Interest Coverage: 5406's interest payments on its debt are well covered by EBIT (26.1x coverage).