Hokuriku Electric Power Balance Sheet Health
Financial Health criteria checks 2/6
Hokuriku Electric Power has a total shareholder equity of ¥327.5B and total debt of ¥1,090.9B, which brings its debt-to-equity ratio to 333.2%. Its total assets and total liabilities are ¥1,855.4B and ¥1,528.0B respectively. Hokuriku Electric Power's EBIT is ¥114.9B making its interest coverage ratio 17.1. It has cash and short-term investments of ¥225.0B.
Key information
333.2%
Debt to equity ratio
JP¥1.09t
Debt
Interest coverage ratio | 17.1x |
Cash | JP¥225.04b |
Equity | JP¥327.45b |
Total liabilities | JP¥1.53t |
Total assets | JP¥1.86t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 9505's short term assets (¥414.5B) exceed its short term liabilities (¥290.2B).
Long Term Liabilities: 9505's short term assets (¥414.5B) do not cover its long term liabilities (¥1,237.8B).
Debt to Equity History and Analysis
Debt Level: 9505's net debt to equity ratio (264.4%) is considered high.
Reducing Debt: 9505's debt to equity ratio has increased from 299.5% to 333.2% over the past 5 years.
Debt Coverage: 9505's debt is not well covered by operating cash flow (7.6%).
Interest Coverage: 9505's interest payments on its debt are well covered by EBIT (17.1x coverage).