Toyo Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Toyo Engineering has a total shareholder equity of ¥64.2B and total debt of ¥35.0B, which brings its debt-to-equity ratio to 54.6%. Its total assets and total liabilities are ¥286.0B and ¥221.8B respectively. Toyo Engineering's EBIT is ¥6.7B making its interest coverage ratio -10.6. It has cash and short-term investments of ¥131.3B.
Key information
54.6%
Debt to equity ratio
JP¥35.05b
Debt
Interest coverage ratio | -10.6x |
Cash | JP¥131.34b |
Equity | JP¥64.15b |
Total liabilities | JP¥221.84b |
Total assets | JP¥286.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6AE's short term assets (¥250.3B) exceed its short term liabilities (¥193.6B).
Long Term Liabilities: 6AE's short term assets (¥250.3B) exceed its long term liabilities (¥28.3B).
Debt to Equity History and Analysis
Debt Level: 6AE has more cash than its total debt.
Reducing Debt: 6AE's debt to equity ratio has reduced from 89.9% to 54.6% over the past 5 years.
Debt Coverage: 6AE's debt is not well covered by operating cash flow (17.1%).
Interest Coverage: 6AE earns more interest than it pays, so coverage of interest payments is not a concern.