Chugoku Electric Power Balance Sheet Health
Financial Health criteria checks 2/6
Chugoku Electric Power has a total shareholder equity of ¥667.7B and total debt of ¥3,104.1B, which brings its debt-to-equity ratio to 464.9%. Its total assets and total liabilities are ¥4,299.7B and ¥3,632.0B respectively. Chugoku Electric Power's EBIT is ¥111.6B making its interest coverage ratio 11.1. It has cash and short-term investments of ¥292.3B.
Key information
464.9%
Debt to equity ratio
JP¥3.10t
Debt
| Interest coverage ratio | 11.1x |
| Cash | JP¥292.25b |
| Equity | JP¥667.72b |
| Total liabilities | JP¥3.63t |
| Total assets | JP¥4.30t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGKE.F's short term assets (¥703.9B) exceed its short term liabilities (¥703.5B).
Long Term Liabilities: CGKE.F's short term assets (¥703.9B) do not cover its long term liabilities (¥2,928.4B).
Debt to Equity History and Analysis
Debt Level: CGKE.F's net debt to equity ratio (421.1%) is considered high.
Reducing Debt: CGKE.F's debt to equity ratio has increased from 365% to 464.9% over the past 5 years.
Debt Coverage: CGKE.F's debt is not well covered by operating cash flow (4%).
Interest Coverage: CGKE.F's interest payments on its debt are well covered by EBIT (11.1x coverage).