Koito Manufacturing Balance Sheet Health
Financial Health criteria checks 6/6
Koito Manufacturing has a total shareholder equity of ¥720.6B and total debt of ¥11.3B, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are ¥952.5B and ¥231.9B respectively. Koito Manufacturing's EBIT is ¥50.3B making its interest coverage ratio -9.7. It has cash and short-term investments of ¥299.5B.
Key information
1.6%
Debt to equity ratio
JP¥11.30b
Debt
| Interest coverage ratio | -9.7x |
| Cash | JP¥299.54b |
| Equity | JP¥720.65b |
| Total liabilities | JP¥231.90b |
| Total assets | JP¥952.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: KOTM.Y's short term assets (¥567.6B) exceed its short term liabilities (¥180.5B).
Long Term Liabilities: KOTM.Y's short term assets (¥567.6B) exceed its long term liabilities (¥51.4B).
Debt to Equity History and Analysis
Debt Level: KOTM.Y has more cash than its total debt.
Reducing Debt: KOTM.Y's debt to equity ratio has reduced from 6% to 1.6% over the past 5 years.
Debt Coverage: KOTM.Y's debt is well covered by operating cash flow (818.7%).
Interest Coverage: KOTM.Y earns more interest than it pays, so coverage of interest payments is not a concern.