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 ¥72.0B, which brings its debt-to-equity ratio to 91.2%. 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
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Debt to equity ratio
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Recent financial health updates
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Recent updates
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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 (79.2%) is considered high.
Reducing Debt: 9534's debt to equity ratio has reduced from 164.4% to 91.2% over the past 5 years.
Debt Coverage: 9534's debt is well covered by operating cash flow (44%).
Interest Coverage: 9534's interest payments on its debt are well covered by EBIT (105.4x coverage).