Kobelco Wire Company Balance Sheet Health
Financial Health criteria checks 5/6
Kobelco Wire Company has a total shareholder equity of ¥22.8B and total debt of ¥10.2B, which brings its debt-to-equity ratio to 44.6%. Its total assets and total liabilities are ¥43.2B and ¥20.4B respectively. Kobelco Wire Company's EBIT is ¥1.0B making its interest coverage ratio -18.6. It has cash and short-term investments of ¥3.0B.
Key information
44.6%
Debt to equity ratio
JP¥10.18b
Debt
Interest coverage ratio | -18.6x |
Cash | JP¥3.03b |
Equity | JP¥22.83b |
Total liabilities | JP¥20.37b |
Total assets | JP¥43.20b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5660's short term assets (¥23.7B) exceed its short term liabilities (¥10.4B).
Long Term Liabilities: 5660's short term assets (¥23.7B) exceed its long term liabilities (¥9.9B).
Debt to Equity History and Analysis
Debt Level: 5660's net debt to equity ratio (31.3%) is considered satisfactory.
Reducing Debt: 5660's debt to equity ratio has reduced from 57.1% to 44.6% over the past 5 years.
Debt Coverage: 5660's debt is not well covered by operating cash flow (13.5%).
Interest Coverage: 5660 earns more interest than it pays, so coverage of interest payments is not a concern.