Kintetsu Department Store Balance Sheet Health
Financial Health criteria checks 5/6
Kintetsu Department Store has a total shareholder equity of ¥37.3B and total debt of ¥6.0B, which brings its debt-to-equity ratio to 16.2%. Its total assets and total liabilities are ¥115.4B and ¥78.0B respectively. Kintetsu Department Store's EBIT is ¥3.9B making its interest coverage ratio -84.8. It has cash and short-term investments of ¥3.7B.
Key information
16.2%
Debt to equity ratio
JP¥6.04b
Debt
Interest coverage ratio | -84.8x |
Cash | JP¥3.73b |
Equity | JP¥37.32b |
Total liabilities | JP¥78.05b |
Total assets | JP¥115.36b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8244's short term assets (¥27.3B) do not cover its short term liabilities (¥73.4B).
Long Term Liabilities: 8244's short term assets (¥27.3B) exceed its long term liabilities (¥4.7B).
Debt to Equity History and Analysis
Debt Level: 8244's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: 8244's debt to equity ratio has reduced from 45.5% to 16.2% over the past 5 years.
Debt Coverage: 8244's debt is well covered by operating cash flow (168.3%).
Interest Coverage: 8244 earns more interest than it pays, so coverage of interest payments is not a concern.