TanakaLtd Balance Sheet Health
Financial Health criteria checks 6/6
TanakaLtd has a total shareholder equity of ¥14.4B and total debt of ¥4.4B, which brings its debt-to-equity ratio to 30.8%. Its total assets and total liabilities are ¥29.3B and ¥14.9B respectively. TanakaLtd's EBIT is ¥1.5B making its interest coverage ratio 215.7. It has cash and short-term investments of ¥4.2B.
Key information
30.8%
Debt to equity ratio
JP¥4.43b
Debt
Interest coverage ratio | 215.7x |
Cash | JP¥4.22b |
Equity | JP¥14.40b |
Total liabilities | JP¥14.86b |
Total assets | JP¥29.26b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TDJ's short term assets (¥16.3B) exceed its short term liabilities (¥12.6B).
Long Term Liabilities: TDJ's short term assets (¥16.3B) exceed its long term liabilities (¥2.3B).
Debt to Equity History and Analysis
Debt Level: TDJ's net debt to equity ratio (1.5%) is considered satisfactory.
Reducing Debt: TDJ's debt to equity ratio has reduced from 38.9% to 30.8% over the past 5 years.
Debt Coverage: TDJ's debt is well covered by operating cash flow (43.4%).
Interest Coverage: TDJ's interest payments on its debt are well covered by EBIT (215.7x coverage).