Toyo Seikan Group Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Toyo Seikan Group Holdings has a total shareholder equity of ¥684.8B and total debt of ¥216.6B, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are ¥1,195.8B and ¥511.0B respectively. Toyo Seikan Group Holdings's EBIT is ¥26.3B making its interest coverage ratio -49.4. It has cash and short-term investments of ¥89.5B.
Key information
31.6%
Debt to equity ratio
JP¥216.55b
Debt
Interest coverage ratio | -49.4x |
Cash | JP¥89.47b |
Equity | JP¥684.75b |
Total liabilities | JP¥511.03b |
Total assets | JP¥1.20t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TQN's short term assets (¥602.7B) exceed its short term liabilities (¥297.5B).
Long Term Liabilities: TQN's short term assets (¥602.7B) exceed its long term liabilities (¥213.5B).
Debt to Equity History and Analysis
Debt Level: TQN's net debt to equity ratio (18.6%) is considered satisfactory.
Reducing Debt: TQN's debt to equity ratio has increased from 25.8% to 31.6% over the past 5 years.
Debt Coverage: TQN's debt is not well covered by operating cash flow (5%).
Interest Coverage: TQN earns more interest than it pays, so coverage of interest payments is not a concern.