THK Balance Sheet Health
Financial Health criteria checks 6/6
THK has a total shareholder equity of ¥373.1B and total debt of ¥95.9B, which brings its debt-to-equity ratio to 25.7%. Its total assets and total liabilities are ¥547.2B and ¥174.1B respectively. THK's EBIT is ¥17.4B making its interest coverage ratio -12.9. It has cash and short-term investments of ¥137.0B.
Key information
25.7%
Debt to equity ratio
JP¥95.90b
Debt
| Interest coverage ratio | -12.9x |
| Cash | JP¥137.01b |
| Equity | JP¥373.08b |
| Total liabilities | JP¥174.09b |
| Total assets | JP¥547.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1TK's short term assets (¥317.9B) exceed its short term liabilities (¥77.7B).
Long Term Liabilities: 1TK's short term assets (¥317.9B) exceed its long term liabilities (¥96.4B).
Debt to Equity History and Analysis
Debt Level: 1TK has more cash than its total debt.
Reducing Debt: 1TK's debt to equity ratio has reduced from 33% to 25.7% over the past 5 years.
Debt Coverage: 1TK's debt is well covered by operating cash flow (33.9%).
Interest Coverage: 1TK earns more interest than it pays, so coverage of interest payments is not a concern.