Tri Chemical Laboratories Balance Sheet Health
Financial Health criteria checks 6/6
Tri Chemical Laboratories has a total shareholder equity of ¥27.5B and total debt of ¥1.9B, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are ¥33.6B and ¥6.1B respectively. Tri Chemical Laboratories's EBIT is ¥1.7B making its interest coverage ratio 82.8. It has cash and short-term investments of ¥11.2B.
Key information
7.0%
Debt to equity ratio
JP¥1.92b
Debt
Interest coverage ratio | 82.8x |
Cash | JP¥11.15b |
Equity | JP¥27.50b |
Total liabilities | JP¥6.12b |
Total assets | JP¥33.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 22E's short term assets (¥20.0B) exceed its short term liabilities (¥4.4B).
Long Term Liabilities: 22E's short term assets (¥20.0B) exceed its long term liabilities (¥1.7B).
Debt to Equity History and Analysis
Debt Level: 22E has more cash than its total debt.
Reducing Debt: 22E's debt to equity ratio has reduced from 43.7% to 7% over the past 5 years.
Debt Coverage: 22E's debt is well covered by operating cash flow (124.8%).
Interest Coverage: 22E's interest payments on its debt are well covered by EBIT (82.8x coverage).