Tokyo Century Balance Sheet Health
Financial Health criteria checks 3/6
Tokyo Century has a total shareholder equity of ¥1,038.1B and total debt of ¥4,669.3B, which brings its debt-to-equity ratio to 449.8%. Its total assets and total liabilities are ¥6,356.2B and ¥5,318.1B respectively. Tokyo Century's EBIT is ¥104.0B making its interest coverage ratio 17.3. It has cash and short-term investments of ¥164.7B.
Key information
449.8%
Debt to equity ratio
JP¥4.67t
Debt
Interest coverage ratio | 17.3x |
Cash | JP¥164.72b |
Equity | JP¥1.04t |
Total liabilities | JP¥5.32t |
Total assets | JP¥6.36t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 59O's short term assets (¥2,854.2B) exceed its short term liabilities (¥1,927.8B).
Long Term Liabilities: 59O's short term assets (¥2,854.2B) do not cover its long term liabilities (¥3,390.3B).
Debt to Equity History and Analysis
Debt Level: 59O's net debt to equity ratio (433.9%) is considered high.
Reducing Debt: 59O's debt to equity ratio has reduced from 590.8% to 449.8% over the past 5 years.
Debt Coverage: 59O's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 59O's interest payments on its debt are well covered by EBIT (17.3x coverage).