Toray Industries Balance Sheet Health
Financial Health criteria checks 6/6
Toray Industries has a total shareholder equity of ¥1,846.4B and total debt of ¥910.4B, which brings its debt-to-equity ratio to 49.3%. Its total assets and total liabilities are ¥3,466.5B and ¥1,620.2B respectively. Toray Industries's EBIT is ¥57.7B making its interest coverage ratio 8.3. It has cash and short-term investments of ¥248.9B.
Key information
49.3%
Debt to equity ratio
JP¥910.40b
Debt
Interest coverage ratio | 8.3x |
Cash | JP¥248.86b |
Equity | JP¥1.85t |
Total liabilities | JP¥1.62t |
Total assets | JP¥3.47t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6HK's short term assets (¥1,522.6B) exceed its short term liabilities (¥865.7B).
Long Term Liabilities: 6HK's short term assets (¥1,522.6B) exceed its long term liabilities (¥754.4B).
Debt to Equity History and Analysis
Debt Level: 6HK's net debt to equity ratio (35.8%) is considered satisfactory.
Reducing Debt: 6HK's debt to equity ratio has reduced from 80.1% to 49.3% over the past 5 years.
Debt Coverage: 6HK's debt is well covered by operating cash flow (20.4%).
Interest Coverage: 6HK's interest payments on its debt are well covered by EBIT (8.3x coverage).