Koito Manufacturing Balance Sheet Health
Financial Health criteria checks 6/6
Koito Manufacturing has a total shareholder equity of ¥719.3B and total debt of ¥14.3B, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ¥965.6B and ¥246.3B respectively. Koito Manufacturing's EBIT is ¥56.0B making its interest coverage ratio -12.1. It has cash and short-term investments of ¥302.9B.
Key information
2.0%
Debt to equity ratio
JP¥14.30b
Debt
Interest coverage ratio | -12.1x |
Cash | JP¥302.87b |
Equity | JP¥719.27b |
Total liabilities | JP¥246.33b |
Total assets | JP¥965.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KOTM.F's short term assets (¥582.5B) exceed its short term liabilities (¥192.5B).
Long Term Liabilities: KOTM.F's short term assets (¥582.5B) exceed its long term liabilities (¥53.8B).
Debt to Equity History and Analysis
Debt Level: KOTM.F has more cash than its total debt.
Reducing Debt: KOTM.F's debt to equity ratio has reduced from 6.5% to 2% over the past 5 years.
Debt Coverage: KOTM.F's debt is well covered by operating cash flow (674.2%).
Interest Coverage: KOTM.F earns more interest than it pays, so coverage of interest payments is not a concern.