KING Balance Sheet Health
Financial Health criteria checks 5/6
KING has a total shareholder equity of ¥21.5B and total debt of ¥480.0M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are ¥24.8B and ¥3.4B respectively. KING's EBIT is ¥1.1B making its interest coverage ratio -20.6. It has cash and short-term investments of ¥10.1B.
Key information
2.2%
Debt to equity ratio
JP¥480.00m
Debt
Interest coverage ratio | -20.6x |
Cash | JP¥10.15b |
Equity | JP¥21.48b |
Total liabilities | JP¥3.37b |
Total assets | JP¥24.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8118's short term assets (¥12.7B) exceed its short term liabilities (¥1.7B).
Long Term Liabilities: 8118's short term assets (¥12.7B) exceed its long term liabilities (¥1.7B).
Debt to Equity History and Analysis
Debt Level: 8118 has more cash than its total debt.
Reducing Debt: 8118's debt to equity ratio has increased from 2% to 2.2% over the past 5 years.
Debt Coverage: 8118's debt is well covered by operating cash flow (267.1%).
Interest Coverage: 8118 earns more interest than it pays, so coverage of interest payments is not a concern.