Katsuragawa Electric Balance Sheet Health
Financial Health criteria checks 5/6
Katsuragawa Electric has a total shareholder equity of ¥4.7B and total debt of ¥500.0M, which brings its debt-to-equity ratio to 10.6%. Its total assets and total liabilities are ¥7.2B and ¥2.5B respectively. Katsuragawa Electric's EBIT is ¥14.0M making its interest coverage ratio -3.5. It has cash and short-term investments of ¥1.8B.
Key information
10.6%
Debt to equity ratio
JP¥500.00m
Debt
| Interest coverage ratio | -3.5x |
| Cash | JP¥1.78b |
| Equity | JP¥4.73b |
| Total liabilities | JP¥2.51b |
| Total assets | JP¥7.23b |
Financial Position Analysis
Short Term Liabilities: 6416's short term assets (¥4.6B) exceed its short term liabilities (¥1.5B).
Long Term Liabilities: 6416's short term assets (¥4.6B) exceed its long term liabilities (¥998.0M).
Debt to Equity History and Analysis
Debt Level: 6416 has more cash than its total debt.
Reducing Debt: 6416's debt to equity ratio has increased from 3.2% to 10.6% over the past 5 years.
Debt Coverage: 6416's debt is well covered by operating cash flow (120.4%).
Interest Coverage: 6416 earns more interest than it pays, so coverage of interest payments is not a concern.