Kanda HoldingsLtd Balance Sheet Health
Financial Health criteria checks 6/6
Kanda HoldingsLtd has a total shareholder equity of ¥23.5B and total debt of ¥7.9B, which brings its debt-to-equity ratio to 33.5%. Its total assets and total liabilities are ¥46.4B and ¥22.9B respectively. Kanda HoldingsLtd's EBIT is ¥3.3B making its interest coverage ratio 276.1. It has cash and short-term investments of ¥11.9B.
Key information
33.5%
Debt to equity ratio
JP¥7.87b
Debt
Interest coverage ratio | 276.1x |
Cash | JP¥11.86b |
Equity | JP¥23.49b |
Total liabilities | JP¥22.94b |
Total assets | JP¥46.43b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9059's short term assets (¥19.0B) exceed its short term liabilities (¥15.3B).
Long Term Liabilities: 9059's short term assets (¥19.0B) exceed its long term liabilities (¥7.6B).
Debt to Equity History and Analysis
Debt Level: 9059 has more cash than its total debt.
Reducing Debt: 9059's debt to equity ratio has reduced from 56.4% to 33.5% over the past 5 years.
Debt Coverage: 9059's debt is well covered by operating cash flow (49.5%).
Interest Coverage: 9059's interest payments on its debt are well covered by EBIT (276.1x coverage).