Hokkaido Gas Balance Sheet Health
Financial Health criteria checks 4/6
Hokkaido Gas has a total shareholder equity of ¥81.6B and total debt of ¥64.9B, which brings its debt-to-equity ratio to 79.5%. Its total assets and total liabilities are ¥176.8B and ¥95.1B respectively. Hokkaido Gas's EBIT is ¥14.3B making its interest coverage ratio 69.3. It has cash and short-term investments of ¥2.9B.
Key information
79.5%
Debt to equity ratio
JP¥64.90b
Debt
| Interest coverage ratio | 69.3x |
| Cash | JP¥2.87b |
| Equity | JP¥81.64b |
| Total liabilities | JP¥95.14b |
| Total assets | JP¥176.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9534's short term assets (¥33.6B) exceed its short term liabilities (¥24.3B).
Long Term Liabilities: 9534's short term assets (¥33.6B) do not cover its long term liabilities (¥70.8B).
Debt to Equity History and Analysis
Debt Level: 9534's net debt to equity ratio (76%) is considered high.
Reducing Debt: 9534's debt to equity ratio has reduced from 142.6% to 79.5% over the past 5 years.
Debt Coverage: 9534's debt is well covered by operating cash flow (42.2%).
Interest Coverage: 9534's interest payments on its debt are well covered by EBIT (69.3x coverage).