Hokkaido Gas Balance Sheet Health
Financial Health criteria checks 4/6
Hokkaido Gas has a total shareholder equity of ¥79.0B and total debt of ¥59.6B, which brings its debt-to-equity ratio to 75.4%. Its total assets and total liabilities are ¥186.4B and ¥107.4B respectively. Hokkaido Gas's EBIT is ¥15.6B making its interest coverage ratio 105.4. It has cash and short-term investments of ¥9.5B.
Key information
75.4%
Debt to equity ratio
JP¥59.60b
Debt
| Interest coverage ratio | 105.4x |
| Cash | JP¥9.47b |
| Equity | JP¥79.00b |
| Total liabilities | JP¥107.37b |
| Total assets | JP¥186.37b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9534's short term assets (¥46.7B) exceed its short term liabilities (¥35.4B).
Long Term Liabilities: 9534's short term assets (¥46.7B) do not cover its long term liabilities (¥71.9B).
Debt to Equity History and Analysis
Debt Level: 9534's net debt to equity ratio (63.5%) is considered high.
Reducing Debt: 9534's debt to equity ratio has reduced from 164.4% to 75.4% over the past 5 years.
Debt Coverage: 9534's debt is well covered by operating cash flow (53.2%).
Interest Coverage: 9534's interest payments on its debt are well covered by EBIT (105.4x coverage).