TDK Balance Sheet Health
Financial Health criteria checks 6/6
TDK has a total shareholder equity of ¥1,731.1B and total debt of ¥607.4B, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are ¥3,512.8B and ¥1,781.8B respectively. TDK's EBIT is ¥219.6B making its interest coverage ratio -13.4. It has cash and short-term investments of ¥696.7B.
Key information
35.1%
Debt to equity ratio
JP¥607.44b
Debt
| Interest coverage ratio | -13.4x |
| Cash | JP¥696.71b |
| Equity | JP¥1.73t |
| Total liabilities | JP¥1.78t |
| Total assets | JP¥3.51t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TDK's short term assets (¥1,843.7B) exceed its short term liabilities (¥1,149.0B).
Long Term Liabilities: TDK's short term assets (¥1,843.7B) exceed its long term liabilities (¥632.7B).
Debt to Equity History and Analysis
Debt Level: TDK has more cash than its total debt.
Reducing Debt: TDK's debt to equity ratio has reduced from 53.2% to 35.1% over the past 5 years.
Debt Coverage: TDK's debt is well covered by operating cash flow (73.8%).
Interest Coverage: TDK earns more interest than it pays, so coverage of interest payments is not a concern.