Toyo Kanetsu K.K Balance Sheet Health
Financial Health criteria checks 5/6
Toyo Kanetsu K.K has a total shareholder equity of ¥37.1B and total debt of ¥12.2B, which brings its debt-to-equity ratio to 32.7%. Its total assets and total liabilities are ¥60.8B and ¥23.7B respectively. Toyo Kanetsu K.K's EBIT is ¥4.5B making its interest coverage ratio -33.3. It has cash and short-term investments of ¥7.1B.
Key information
32.7%
Debt to equity ratio
JP¥12.16b
Debt
| Interest coverage ratio | -33.3x |
| Cash | JP¥7.14b |
| Equity | JP¥37.13b |
| Total liabilities | JP¥23.71b |
| Total assets | JP¥60.84b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TQ2's short term assets (¥35.1B) exceed its short term liabilities (¥17.8B).
Long Term Liabilities: TQ2's short term assets (¥35.1B) exceed its long term liabilities (¥5.9B).
Debt to Equity History and Analysis
Debt Level: TQ2's net debt to equity ratio (13.5%) is considered satisfactory.
Reducing Debt: TQ2's debt to equity ratio has increased from 26.9% to 32.7% over the past 5 years.
Debt Coverage: TQ2's debt is well covered by operating cash flow (39.4%).
Interest Coverage: TQ2 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 00:37 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Toyo Kanetsu K.K. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Motohisa Watanabe | Ichiyoshi Research Institute Inc. |
| Shigekazu Ishida | Marusan Securities Co. Ltd. |
| Mithun Thakkar | Virtua Research Inc. |