Hokuriku GasLtd Balance Sheet Health
Financial Health criteria checks 6/6
Hokuriku GasLtd has a total shareholder equity of ¥49.9B and total debt of ¥459.0M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are ¥62.5B and ¥12.6B respectively. Hokuriku GasLtd's EBIT is ¥489.0M making its interest coverage ratio -5.2. It has cash and short-term investments of ¥6.8B.
Key information
0.9%
Debt to equity ratio
JP¥459.00m
Debt
Interest coverage ratio | -5.2x |
Cash | JP¥6.78b |
Equity | JP¥49.93b |
Total liabilities | JP¥12.61b |
Total assets | JP¥62.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9537's short term assets (¥13.9B) exceed its short term liabilities (¥9.8B).
Long Term Liabilities: 9537's short term assets (¥13.9B) exceed its long term liabilities (¥2.8B).
Debt to Equity History and Analysis
Debt Level: 9537 has more cash than its total debt.
Reducing Debt: 9537's debt to equity ratio has reduced from 10.9% to 0.9% over the past 5 years.
Debt Coverage: 9537's debt is well covered by operating cash flow (1305.2%).
Interest Coverage: 9537 earns more interest than it pays, so coverage of interest payments is not a concern.