Toyo Tire Balance Sheet Health
Financial Health criteria checks 6/6
Toyo Tire has a total shareholder equity of ¥436.7B and total debt of ¥86.6B, which brings its debt-to-equity ratio to 19.8%. Its total assets and total liabilities are ¥664.0B and ¥227.3B respectively. Toyo Tire's EBIT is ¥102.8B making its interest coverage ratio -290.4. It has cash and short-term investments of ¥48.1B.
Key information
19.8%
Debt to equity ratio
JP¥86.56b
Debt
| Interest coverage ratio | -290.4x |
| Cash | JP¥48.11b |
| Equity | JP¥436.71b |
| Total liabilities | JP¥227.26b |
| Total assets | JP¥663.97b |
Recent financial health updates
Recent updates
Analysts Are Updating Their Toyo Tire Corporation (TSE:5105) Estimates After Its Third-Quarter Results
Nov 15
Here's Why Toyo Tire (TSE:5105) Can Manage Its Debt Responsibly
Sep 25Toyo Tire (TSE:5105) Shareholders Will Want The ROCE Trajectory To Continue
Sep 04Investors Don't See Light At End Of Toyo Tire Corporation's (TSE:5105) Tunnel And Push Stock Down 25%
Aug 05Toyo Tire (TSE:5105) Is Due To Pay A Dividend Of ¥50.00
Jun 07Toyo Tire (TSE:5105) Has Announced A Dividend Of ¥50.00
May 22Toyo Tire's (TSE:5105) Dividend Will Be ¥50.00
Apr 25Toyo Tire's (TSE:5105) Dividend Will Be ¥50.00
Apr 11Toyo Tire Corporation's (TSE:5105) Shares Lagging The Market But So Is The Business
Mar 13Financial Position Analysis
Short Term Liabilities: 5105's short term assets (¥319.2B) exceed its short term liabilities (¥126.4B).
Long Term Liabilities: 5105's short term assets (¥319.2B) exceed its long term liabilities (¥100.9B).
Debt to Equity History and Analysis
Debt Level: 5105's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: 5105's debt to equity ratio has reduced from 61.6% to 19.8% over the past 5 years.
Debt Coverage: 5105's debt is well covered by operating cash flow (103.9%).
Interest Coverage: 5105 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 11:32 |
| End of Day Share Price | 2024/12/26 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Toyo Tire Corporation is covered by 22 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Takafumi Miura | Barclays |
| Kentaro Hosoda | BofA Global Research |
| Arifumi Yoshida | Citigroup Inc |