Kintetsu Department Store Balance Sheet Health
Financial Health criteria checks 5/6
Kintetsu Department Store has a total shareholder equity of ¥39.2B and total debt of ¥4.2B, which brings its debt-to-equity ratio to 10.8%. Its total assets and total liabilities are ¥116.9B and ¥77.6B respectively. Kintetsu Department Store's EBIT is ¥4.4B making its interest coverage ratio -84.2. It has cash and short-term investments of ¥6.1B.
Key information
10.8%
Debt to equity ratio
JP¥4.22b
Debt
| Interest coverage ratio | -84.2x |
| Cash | JP¥6.05b |
| Equity | JP¥39.23b |
| Total liabilities | JP¥77.63b |
| Total assets | JP¥116.86b |
Financial Position Analysis
Short Term Liabilities: 8244's short term assets (¥29.5B) do not cover its short term liabilities (¥73.3B).
Long Term Liabilities: 8244's short term assets (¥29.5B) exceed its long term liabilities (¥4.3B).
Debt to Equity History and Analysis
Debt Level: 8244 has more cash than its total debt.
Reducing Debt: 8244's debt to equity ratio has reduced from 33.1% to 10.8% over the past 5 years.
Debt Coverage: 8244's debt is well covered by operating cash flow (216%).
Interest Coverage: 8244 earns more interest than it pays, so coverage of interest payments is not a concern.