Tokuyama Balance Sheet Health
Financial Health criteria checks 6/6
Tokuyama has a total shareholder equity of ¥266.4B and total debt of ¥104.0B, which brings its debt-to-equity ratio to 39.1%. Its total assets and total liabilities are ¥462.8B and ¥196.4B respectively. Tokuyama's EBIT is ¥31.0B making its interest coverage ratio 378.3. It has cash and short-term investments of ¥65.2B.
Key information
39.1%
Debt to equity ratio
JP¥104.03b
Debt
| Interest coverage ratio | 378.3x |
| Cash | JP¥65.23b |
| Equity | JP¥266.40b |
| Total liabilities | JP¥196.38b |
| Total assets | JP¥462.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TBT's short term assets (¥222.5B) exceed its short term liabilities (¥84.1B).
Long Term Liabilities: TBT's short term assets (¥222.5B) exceed its long term liabilities (¥112.2B).
Debt to Equity History and Analysis
Debt Level: TBT's net debt to equity ratio (14.6%) is considered satisfactory.
Reducing Debt: TBT's debt to equity ratio has reduced from 70.2% to 39.1% over the past 5 years.
Debt Coverage: TBT's debt is well covered by operating cash flow (41.8%).
Interest Coverage: TBT's interest payments on its debt are well covered by EBIT (378.3x coverage).