Keifuku Electric RailroadLtd Balance Sheet Health
Financial Health criteria checks 4/6
Keifuku Electric RailroadLtd has a total shareholder equity of ¥11.1B and total debt of ¥6.1B, which brings its debt-to-equity ratio to 55.5%. Its total assets and total liabilities are ¥21.3B and ¥10.2B respectively. Keifuku Electric RailroadLtd's EBIT is ¥1.8B making its interest coverage ratio 53.4. It has cash and short-term investments of ¥1.9B.
Key information
55.5%
Debt to equity ratio
JP¥6.15b
Debt
Interest coverage ratio | 53.4x |
Cash | JP¥1.92b |
Equity | JP¥11.07b |
Total liabilities | JP¥10.20b |
Total assets | JP¥21.27b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 9049's short term assets (¥4.2B) do not cover its short term liabilities (¥5.3B).
Long Term Liabilities: 9049's short term assets (¥4.2B) do not cover its long term liabilities (¥4.9B).
Debt to Equity History and Analysis
Debt Level: 9049's net debt to equity ratio (38.2%) is considered satisfactory.
Reducing Debt: 9049's debt to equity ratio has reduced from 102.2% to 55.5% over the past 5 years.
Debt Coverage: 9049's debt is well covered by operating cash flow (40.2%).
Interest Coverage: 9049's interest payments on its debt are well covered by EBIT (53.4x coverage).