Hokuriku Electric IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hokuriku Electric IndustryLtd has a total shareholder equity of ¥21.5B and total debt of ¥8.9B, which brings its debt-to-equity ratio to 41.3%. Its total assets and total liabilities are ¥42.5B and ¥20.9B respectively. Hokuriku Electric IndustryLtd's EBIT is ¥2.4B making its interest coverage ratio -26.6. It has cash and short-term investments of ¥11.3B.
Key information
41.3%
Debt to equity ratio
JP¥8.89b
Debt
| Interest coverage ratio | -26.6x |
| Cash | JP¥11.34b |
| Equity | JP¥21.51b |
| Total liabilities | JP¥20.95b |
| Total assets | JP¥42.46b |
Recent financial health updates
Recent updates
Improved Earnings Required Before Hokuriku Electric Industry Co.,Ltd. (TSE:6989) Stock's 25% Jump Looks Justified
Nov 14
Hokuriku Electric IndustryLtd (TSE:6989) Will Pay A Larger Dividend Than Last Year At ¥80.00
Nov 12Is Hokuriku Electric IndustryLtd (TSE:6989) A Risky Investment?
Aug 06Hokuriku Electric IndustryLtd (TSE:6989) Is Paying Out A Dividend Of ¥55.00
Mar 26Financial Position Analysis
Short Term Liabilities: 6989's short term assets (¥29.9B) exceed its short term liabilities (¥12.3B).
Long Term Liabilities: 6989's short term assets (¥29.9B) exceed its long term liabilities (¥8.6B).
Debt to Equity History and Analysis
Debt Level: 6989 has more cash than its total debt.
Reducing Debt: 6989's debt to equity ratio has reduced from 83.4% to 41.3% over the past 5 years.
Debt Coverage: 6989's debt is well covered by operating cash flow (38.5%).
Interest Coverage: 6989 earns more interest than it pays, so coverage of interest payments is not a concern.