Toyo Kanetsu K.K Balance Sheet Health

Financial Health criteria checks 4/6

Toyo Kanetsu K.K has a total shareholder equity of ¥36.8B and total debt of ¥17.7B, which brings its debt-to-equity ratio to 47.9%. Its total assets and total liabilities are ¥69.5B and ¥32.7B respectively. Toyo Kanetsu K.K's EBIT is ¥4.8B making its interest coverage ratio -34.8. It has cash and short-term investments of ¥9.9B.

Key information

47.9%

Debt to equity ratio

JP¥17.66b

Debt

Interest coverage ratio-34.8x
CashJP¥9.95b
EquityJP¥36.84b
Total liabilitiesJP¥32.68b
Total assetsJP¥69.53b

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: TQ2's short term assets (¥43.5B) exceed its short term liabilities (¥26.4B).

Long Term Liabilities: TQ2's short term assets (¥43.5B) exceed its long term liabilities (¥6.3B).


Debt to Equity History and Analysis

Debt Level: TQ2's net debt to equity ratio (20.9%) is considered satisfactory.

Reducing Debt: TQ2's debt to equity ratio has increased from 30.5% to 47.9% over the past 5 years.

Debt Coverage: TQ2's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: TQ2 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies