Taiheiyo Cement Balance Sheet Health
Financial Health criteria checks 5/6
Taiheiyo Cement has a total shareholder equity of ¥663.0B and total debt of ¥376.3B, which brings its debt-to-equity ratio to 56.8%. Its total assets and total liabilities are ¥1,392.3B and ¥729.3B respectively. Taiheiyo Cement's EBIT is ¥75.1B making its interest coverage ratio -125.4. It has cash and short-term investments of ¥80.8B.
Key information
56.8%
Debt to equity ratio
JP¥376.29b
Debt
| Interest coverage ratio | -125.4x |
| Cash | JP¥80.82b |
| Equity | JP¥662.98b |
| Total liabilities | JP¥729.32b |
| Total assets | JP¥1.39t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIE's short term assets (¥439.4B) exceed its short term liabilities (¥373.0B).
Long Term Liabilities: TIE's short term assets (¥439.4B) exceed its long term liabilities (¥356.4B).
Debt to Equity History and Analysis
Debt Level: TIE's net debt to equity ratio (44.6%) is considered high.
Reducing Debt: TIE's debt to equity ratio has reduced from 60.3% to 56.8% over the past 5 years.
Debt Coverage: TIE's debt is well covered by operating cash flow (33.8%).
Interest Coverage: TIE earns more interest than it pays, so coverage of interest payments is not a concern.