Taiheiyo Cement Balance Sheet Health
Financial Health criteria checks 3/6
Taiheiyo Cement has a total shareholder equity of ¥583.1B and total debt of ¥398.3B, which brings its debt-to-equity ratio to 68.3%. Its total assets and total liabilities are ¥1,367.3B and ¥784.2B respectively. Taiheiyo Cement's EBIT is ¥42.9B making its interest coverage ratio -338. It has cash and short-term investments of ¥98.1B.
Key information
68.3%
Debt to equity ratio
JP¥398.26b
Debt
Interest coverage ratio | -338x |
Cash | JP¥98.12b |
Equity | JP¥583.08b |
Total liabilities | JP¥784.21b |
Total assets | JP¥1.37t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TIE's short term assets (¥479.1B) exceed its short term liabilities (¥410.9B).
Long Term Liabilities: TIE's short term assets (¥479.1B) exceed its long term liabilities (¥373.3B).
Debt to Equity History and Analysis
Debt Level: TIE's net debt to equity ratio (51.5%) is considered high.
Reducing Debt: TIE's debt to equity ratio has increased from 65.4% to 68.3% over the past 5 years.
Debt Coverage: TIE's debt is not well covered by operating cash flow (17.3%).
Interest Coverage: TIE earns more interest than it pays, so coverage of interest payments is not a concern.