Kintetsu Department Store Balance Sheet Health
Financial Health criteria checks 5/6
Kintetsu Department Store has a total shareholder equity of ¥38.3B and total debt of ¥5.0B, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are ¥115.7B and ¥77.3B respectively. Kintetsu Department Store's EBIT is ¥4.7B making its interest coverage ratio -89.9. It has cash and short-term investments of ¥2.4B.
Key information
13.1%
Debt to equity ratio
JP¥5.02b
Debt
| Interest coverage ratio | -89.9x |
| Cash | JP¥2.43b |
| Equity | JP¥38.34b |
| Total liabilities | JP¥77.35b |
| Total assets | JP¥115.69b |
Financial Position Analysis
Short Term Liabilities: 8244's short term assets (¥27.5B) do not cover its short term liabilities (¥73.0B).
Long Term Liabilities: 8244's short term assets (¥27.5B) exceed its long term liabilities (¥4.4B).
Debt to Equity History and Analysis
Debt Level: 8244's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: 8244's debt to equity ratio has reduced from 37.8% to 13.1% over the past 5 years.
Debt Coverage: 8244's debt is well covered by operating cash flow (202.6%).
Interest Coverage: 8244 earns more interest than it pays, so coverage of interest payments is not a concern.