Kyowa Electronic Instruments Balance Sheet Health
Financial Health criteria checks 5/6
Kyowa Electronic Instruments has a total shareholder equity of ¥17.8B and total debt of ¥1.2B, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are ¥24.7B and ¥6.9B respectively. Kyowa Electronic Instruments's EBIT is ¥1.3B making its interest coverage ratio -27.9. It has cash and short-term investments of ¥6.8B.
Key information
6.9%
Debt to equity ratio
JP¥1.22b
Debt
Interest coverage ratio | -27.9x |
Cash | JP¥6.76b |
Equity | JP¥17.77b |
Total liabilities | JP¥6.90b |
Total assets | JP¥24.68b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6853's short term assets (¥17.1B) exceed its short term liabilities (¥4.9B).
Long Term Liabilities: 6853's short term assets (¥17.1B) exceed its long term liabilities (¥2.0B).
Debt to Equity History and Analysis
Debt Level: 6853 has more cash than its total debt.
Reducing Debt: 6853's debt to equity ratio has reduced from 14.5% to 6.9% over the past 5 years.
Debt Coverage: 6853's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6853 earns more interest than it pays, so coverage of interest payments is not a concern.