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 |
| Cash | JP¥41.24b |
| Equity | JP¥163.67b |
| Total liabilities | JP¥125.02b |
| Total assets | JP¥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.