Tohoku Electric Power Company Balance Sheet Health
Financial Health criteria checks 2/6
Tohoku Electric Power Company has a total shareholder equity of ¥911.1B and total debt of ¥3,291.0B, which brings its debt-to-equity ratio to 361.2%. Its total assets and total liabilities are ¥5,388.7B and ¥4,477.6B respectively. Tohoku Electric Power Company's EBIT is ¥322.3B making its interest coverage ratio 14. It has cash and short-term investments of ¥483.7B.
Key information
361.2%
Debt to equity ratio
JP¥3.29t
Debt
Interest coverage ratio | 14x |
Cash | JP¥483.71b |
Equity | JP¥911.08b |
Total liabilities | JP¥4.48t |
Total assets | JP¥5.39t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TKT's short term assets (¥1,202.4B) exceed its short term liabilities (¥1,157.7B).
Long Term Liabilities: TKT's short term assets (¥1,202.4B) do not cover its long term liabilities (¥3,319.9B).
Debt to Equity History and Analysis
Debt Level: TKT's net debt to equity ratio (308.1%) is considered high.
Reducing Debt: TKT's debt to equity ratio has increased from 291.9% to 361.2% over the past 5 years.
Debt Coverage: TKT's debt is not well covered by operating cash flow (13.7%).
Interest Coverage: TKT's interest payments on its debt are well covered by EBIT (14x coverage).