Takasago Thermal Engineering Co., Ltd.

DB:Q74 Stock Report

Market Cap: €2.3b

Takasago Thermal Engineering Balance Sheet Health

Financial Health criteria checks 5/6

Takasago Thermal Engineering has a total shareholder equity of ¥163.7B and total debt of ¥22.2B, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are ¥288.7B and ¥125.0B respectively. Takasago Thermal Engineering's EBIT is ¥24.3B making its interest coverage ratio -20.9. It has cash and short-term investments of ¥41.2B.

Key information

13.6%

Debt to equity ratio

JP¥22.21b

Debt

Interest coverage ratio-20.9x
CashJP¥41.24b
EquityJP¥163.67b
Total liabilitiesJP¥125.02b
Total assetsJP¥288.70b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: Q74's short term assets (¥197.6B) exceed its short term liabilities (¥99.3B).

Long Term Liabilities: Q74's short term assets (¥197.6B) exceed its long term liabilities (¥25.7B).


Debt to Equity History and Analysis

Debt Level: Q74 has more cash than its total debt.

Reducing Debt: Q74's debt to equity ratio has increased from 12.4% to 13.6% over the past 5 years.

Debt Coverage: Q74's debt is well covered by operating cash flow (41.9%).

Interest Coverage: Q74 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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