Chugoku Electric Power Balance Sheet Health
Financial Health criteria checks 2/6
Chugoku Electric Power has a total shareholder equity of ¥596.9B and total debt of ¥3,055.8B, which brings its debt-to-equity ratio to 511.9%. Its total assets and total liabilities are ¥4,139.7B and ¥3,542.8B respectively. Chugoku Electric Power's EBIT is ¥213.9B making its interest coverage ratio 22.4. It has cash and short-term investments of ¥332.8B.
Key information
511.9%
Debt to equity ratio
JP¥3.06t
Debt
Interest coverage ratio | 22.4x |
Cash | JP¥332.82b |
Equity | JP¥596.92b |
Total liabilities | JP¥3.54t |
Total assets | JP¥4.14t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CGKE.Y's short term assets (¥698.3B) exceed its short term liabilities (¥636.0B).
Long Term Liabilities: CGKE.Y's short term assets (¥698.3B) do not cover its long term liabilities (¥2,906.8B).
Debt to Equity History and Analysis
Debt Level: CGKE.Y's net debt to equity ratio (456.2%) is considered high.
Reducing Debt: CGKE.Y's debt to equity ratio has increased from 388.1% to 511.9% over the past 5 years.
Debt Coverage: CGKE.Y's debt is not well covered by operating cash flow (8.1%).
Interest Coverage: CGKE.Y's interest payments on its debt are well covered by EBIT (22.4x coverage).