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.