Kaga ElectronicsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Kaga ElectronicsLtd has a total shareholder equity of ¥144.5B and total debt of ¥40.8B, which brings its debt-to-equity ratio to 28.2%. Its total assets and total liabilities are ¥289.7B and ¥145.2B respectively. Kaga ElectronicsLtd's EBIT is ¥26.7B making its interest coverage ratio -469. It has cash and short-term investments of ¥63.7B.
Key information
28.2%
Debt to equity ratio
JP¥40.80b
Debt
Interest coverage ratio | -469x |
Cash | JP¥63.70b |
Equity | JP¥144.49b |
Total liabilities | JP¥145.17b |
Total assets | JP¥289.66b |
Financial Position Analysis
Short Term Liabilities: 8154's short term assets (¥249.8B) exceed its short term liabilities (¥114.3B).
Long Term Liabilities: 8154's short term assets (¥249.8B) exceed its long term liabilities (¥30.9B).
Debt to Equity History and Analysis
Debt Level: 8154 has more cash than its total debt.
Reducing Debt: 8154's debt to equity ratio has reduced from 43.5% to 28.2% over the past 5 years.
Debt Coverage: 8154's debt is well covered by operating cash flow (72.2%).
Interest Coverage: 8154 earns more interest than it pays, so coverage of interest payments is not a concern.