Kobe Electric Railway Balance Sheet Health
Financial Health criteria checks 2/6
Kobe Electric Railway has a total shareholder equity of ¥22.5B and total debt of ¥55.0B, which brings its debt-to-equity ratio to 243.9%. Its total assets and total liabilities are ¥89.1B and ¥66.5B respectively. Kobe Electric Railway's EBIT is ¥1.6B making its interest coverage ratio 3.1. It has cash and short-term investments of ¥1.5B.
Key information
243.9%
Debt to equity ratio
JP¥54.98b
Debt
Interest coverage ratio | 3.1x |
Cash | JP¥1.52b |
Equity | JP¥22.54b |
Total liabilities | JP¥66.54b |
Total assets | JP¥89.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9046's short term assets (¥4.8B) do not cover its short term liabilities (¥22.6B).
Long Term Liabilities: 9046's short term assets (¥4.8B) do not cover its long term liabilities (¥43.9B).
Debt to Equity History and Analysis
Debt Level: 9046's net debt to equity ratio (237.2%) is considered high.
Reducing Debt: 9046's debt to equity ratio has reduced from 328.5% to 243.9% over the past 5 years.
Debt Coverage: 9046's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: 9046's interest payments on its debt are well covered by EBIT (3.1x coverage).