Toyo Tire Balance Sheet Health
Financial Health criteria checks 6/6
Toyo Tire has a total shareholder equity of ¥395.2B and total debt of ¥82.6B, which brings its debt-to-equity ratio to 20.9%. Its total assets and total liabilities are ¥645.5B and ¥250.3B respectively. Toyo Tire's EBIT is ¥76.9B making its interest coverage ratio -112.6. It has cash and short-term investments of ¥52.9B.
Key information
20.9%
Debt to equity ratio
JP¥82.65b
Debt
Interest coverage ratio | -112.6x |
Cash | JP¥52.88b |
Equity | JP¥395.20b |
Total liabilities | JP¥250.28b |
Total assets | JP¥645.48b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TYR's short term assets (¥299.0B) exceed its short term liabilities (¥142.8B).
Long Term Liabilities: TYR's short term assets (¥299.0B) exceed its long term liabilities (¥107.5B).
Debt to Equity History and Analysis
Debt Level: TYR's net debt to equity ratio (7.5%) is considered satisfactory.
Reducing Debt: TYR's debt to equity ratio has reduced from 86.9% to 20.9% over the past 5 years.
Debt Coverage: TYR's debt is well covered by operating cash flow (104.7%).
Interest Coverage: TYR earns more interest than it pays, so coverage of interest payments is not a concern.