TATSUTA Electric Wire and Cable Balance Sheet Health
Financial Health criteria checks 6/6
TATSUTA Electric Wire and Cable has a total shareholder equity of ¥52.3B and total debt of ¥900.0M, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are ¥61.6B and ¥9.3B respectively. TATSUTA Electric Wire and Cable's EBIT is ¥3.0B making its interest coverage ratio -124.3. It has cash and short-term investments of ¥1.5B.
Key information
1.7%
Debt to equity ratio
JP¥900.00m
Debt
| Interest coverage ratio | -124.3x |
| Cash | JP¥1.52b |
| Equity | JP¥52.29b |
| Total liabilities | JP¥9.27b |
| Total assets | JP¥61.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3U3's short term assets (¥42.6B) exceed its short term liabilities (¥8.6B).
Long Term Liabilities: 3U3's short term assets (¥42.6B) exceed its long term liabilities (¥641.0M).
Debt to Equity History and Analysis
Debt Level: 3U3 has more cash than its total debt.
Reducing Debt: 3U3's debt to equity ratio has reduced from 2.3% to 1.7% over the past 5 years.
Debt Coverage: 3U3's debt is well covered by operating cash flow (364.3%).
Interest Coverage: 3U3 earns more interest than it pays, so coverage of interest payments is not a concern.