KING Balance Sheet Health
Financial Health criteria checks 5/6
KING has a total shareholder equity of ¥21.9B and total debt of ¥480.0M, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are ¥25.6B and ¥3.7B respectively. KING's EBIT is ¥995.0M making its interest coverage ratio -19.5. It has cash and short-term investments of ¥10.8B.
Key information
2.2%
Debt to equity ratio
JP¥480.00m
Debt
Interest coverage ratio | -19.5x |
Cash | JP¥10.80b |
Equity | JP¥21.90b |
Total liabilities | JP¥3.70b |
Total assets | JP¥25.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8118's short term assets (¥13.0B) exceed its short term liabilities (¥2.1B).
Long Term Liabilities: 8118's short term assets (¥13.0B) exceed its long term liabilities (¥1.6B).
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 1.9% to 2.2% over the past 5 years.
Debt Coverage: 8118's debt is well covered by operating cash flow (207.7%).
Interest Coverage: 8118 earns more interest than it pays, so coverage of interest payments is not a concern.