KAYAC Balance Sheet Health
Financial Health criteria checks 5/6
KAYAC has a total shareholder equity of ¥5.9B and total debt of ¥3.0B, which brings its debt-to-equity ratio to 50.7%. Its total assets and total liabilities are ¥11.7B and ¥5.8B respectively. KAYAC's EBIT is ¥669.0M making its interest coverage ratio 95.6. It has cash and short-term investments of ¥5.1B.
Key information
50.7%
Debt to equity ratio
JP¥2.98b
Debt
| Interest coverage ratio | 95.6x |
| Cash | JP¥5.15b |
| Equity | JP¥5.87b |
| Total liabilities | JP¥5.81b |
| Total assets | JP¥11.68b |
Financial Position Analysis
Short Term Liabilities: 3904's short term assets (¥8.1B) exceed its short term liabilities (¥3.9B).
Long Term Liabilities: 3904's short term assets (¥8.1B) exceed its long term liabilities (¥1.9B).
Debt to Equity History and Analysis
Debt Level: 3904 has more cash than its total debt.
Reducing Debt: 3904's debt to equity ratio has reduced from 105.5% to 50.7% over the past 5 years.
Debt Coverage: 3904's debt is not well covered by operating cash flow (5.1%).
Interest Coverage: 3904's interest payments on its debt are well covered by EBIT (95.6x coverage).