Toyo Tire Balance Sheet Health
Financial Health criteria checks 6/6
Toyo Tire has a total shareholder equity of ¥419.2B and total debt of ¥89.1B, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are ¥660.5B and ¥241.2B respectively. Toyo Tire's EBIT is ¥88.3B making its interest coverage ratio -111.3. It has cash and short-term investments of ¥41.1B.
Key information
21.3%
Debt to equity ratio
JP¥89.09b
Debt
Interest coverage ratio | -111.3x |
Cash | JP¥41.12b |
Equity | JP¥419.22b |
Total liabilities | JP¥241.23b |
Total assets | JP¥660.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5105's short term assets (¥302.9B) exceed its short term liabilities (¥132.6B).
Long Term Liabilities: 5105's short term assets (¥302.9B) exceed its long term liabilities (¥108.6B).
Debt to Equity History and Analysis
Debt Level: 5105's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: 5105's debt to equity ratio has reduced from 53.6% to 21.3% over the past 5 years.
Debt Coverage: 5105's debt is well covered by operating cash flow (97.1%).
Interest Coverage: 5105 earns more interest than it pays, so coverage of interest payments is not a concern.