Tri Chemical Laboratories Balance Sheet Health
Financial Health criteria checks 6/6
Tri Chemical Laboratories has a total shareholder equity of ¥28.8B and total debt of ¥1.7B, which brings its debt-to-equity ratio to 6%. Its total assets and total liabilities are ¥33.5B and ¥4.8B respectively. Tri Chemical Laboratories's EBIT is ¥2.8B making its interest coverage ratio 132.7. It has cash and short-term investments of ¥9.5B.
Key information
6.0%
Debt to equity ratio
JP¥1.73b
Debt
| Interest coverage ratio | 132.7x |
| Cash | JP¥9.53b |
| Equity | JP¥28.77b |
| Total liabilities | JP¥4.76b |
| Total assets | JP¥33.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 22E's short term assets (¥19.7B) exceed its short term liabilities (¥3.2B).
Long Term Liabilities: 22E's short term assets (¥19.7B) exceed its long term liabilities (¥1.5B).
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 37.3% to 6% over the past 5 years.
Debt Coverage: 22E's debt is well covered by operating cash flow (59%).
Interest Coverage: 22E's interest payments on its debt are well covered by EBIT (132.7x coverage).