Hokkan Holdings Balance Sheet Health
Financial Health criteria checks 5/6
Hokkan Holdings has a total shareholder equity of ¥62.7B and total debt of ¥38.0B, which brings its debt-to-equity ratio to 60.6%. Its total assets and total liabilities are ¥130.9B and ¥68.2B respectively. Hokkan Holdings's EBIT is ¥4.7B making its interest coverage ratio -69.5. It has cash and short-term investments of ¥11.4B.
Key information
60.6%
Debt to equity ratio
JP¥37.96b
Debt
| Interest coverage ratio | -69.5x |
| Cash | JP¥11.41b |
| Equity | JP¥62.67b |
| Total liabilities | JP¥68.21b |
| Total assets | JP¥130.87b |
Financial Position Analysis
Short Term Liabilities: 5902's short term assets (¥51.1B) exceed its short term liabilities (¥35.2B).
Long Term Liabilities: 5902's short term assets (¥51.1B) exceed its long term liabilities (¥33.0B).
Debt to Equity History and Analysis
Debt Level: 5902's net debt to equity ratio (42.4%) is considered high.
Reducing Debt: 5902's debt to equity ratio has reduced from 89.2% to 60.6% over the past 5 years.
Debt Coverage: 5902's debt is well covered by operating cash flow (40.3%).
Interest Coverage: 5902 earns more interest than it pays, so coverage of interest payments is not a concern.