Hokuriku Electric IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hokuriku Electric IndustryLtd has a total shareholder equity of ¥20.1B and total debt of ¥9.6B, which brings its debt-to-equity ratio to 47.6%. Its total assets and total liabilities are ¥41.6B and ¥21.5B respectively. Hokuriku Electric IndustryLtd's EBIT is ¥2.3B making its interest coverage ratio -35.5. It has cash and short-term investments of ¥10.1B.
Key information
47.6%
Debt to equity ratio
JP¥9.58b
Debt
Interest coverage ratio | -35.5x |
Cash | JP¥10.11b |
Equity | JP¥20.11b |
Total liabilities | JP¥21.54b |
Total assets | JP¥41.65b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6989's short term assets (¥29.0B) exceed its short term liabilities (¥11.5B).
Long Term Liabilities: 6989's short term assets (¥29.0B) exceed its long term liabilities (¥10.0B).
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 98.7% to 47.6% over the past 5 years.
Debt Coverage: 6989's debt is well covered by operating cash flow (47.2%).
Interest Coverage: 6989 earns more interest than it pays, so coverage of interest payments is not a concern.