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.