Kuribayashi Steamship Balance Sheet Health
Financial Health criteria checks 4/6
Kuribayashi Steamship has a total shareholder equity of ¥27.1B and total debt of ¥19.3B, which brings its debt-to-equity ratio to 71.4%. Its total assets and total liabilities are ¥71.7B and ¥44.6B respectively. Kuribayashi Steamship's EBIT is ¥1.4B making its interest coverage ratio -10.6. It has cash and short-term investments of ¥11.6B.
Key information
71.4%
Debt to equity ratio
JP¥19.32b
Debt
Interest coverage ratio | -10.6x |
Cash | JP¥11.59b |
Equity | JP¥27.06b |
Total liabilities | JP¥44.65b |
Total assets | JP¥71.71b |
Financial Position Analysis
Short Term Liabilities: 9171's short term assets (¥21.4B) exceed its short term liabilities (¥14.9B).
Long Term Liabilities: 9171's short term assets (¥21.4B) do not cover its long term liabilities (¥29.7B).
Debt to Equity History and Analysis
Debt Level: 9171's net debt to equity ratio (28.5%) is considered satisfactory.
Reducing Debt: 9171's debt to equity ratio has reduced from 82.2% to 71.4% over the past 5 years.
Debt Coverage: 9171's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: 9171 earns more interest than it pays, so coverage of interest payments is not a concern.