Hikari Tsushin Balance Sheet Health
Financial Health criteria checks 3/6
Hikari Tsushin has a total shareholder equity of ¥857.1B and total debt of ¥829.0B, which brings its debt-to-equity ratio to 96.7%. Its total assets and total liabilities are ¥2,122.4B and ¥1,265.3B respectively. Hikari Tsushin's EBIT is ¥104.4B making its interest coverage ratio 18.6. It has cash and short-term investments of ¥391.1B.
Key information
96.7%
Debt to equity ratio
JP¥829.00b
Debt
| Interest coverage ratio | 18.6x |
| Cash | JP¥391.05b |
| Equity | JP¥857.10b |
| Total liabilities | JP¥1.27t |
| Total assets | JP¥2.12t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: HKTG.F's short term assets (¥742.1B) exceed its short term liabilities (¥380.8B).
Long Term Liabilities: HKTG.F's short term assets (¥742.1B) do not cover its long term liabilities (¥884.5B).
Debt to Equity History and Analysis
Debt Level: HKTG.F's net debt to equity ratio (51.1%) is considered high.
Reducing Debt: HKTG.F's debt to equity ratio has reduced from 113.1% to 96.7% over the past 5 years.
Debt Coverage: HKTG.F's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: HKTG.F's interest payments on its debt are well covered by EBIT (18.6x coverage).