Taiho Kogyo Balance Sheet Health
Financial Health criteria checks 6/6
Taiho Kogyo has a total shareholder equity of ¥71.7B and total debt of ¥22.6B, which brings its debt-to-equity ratio to 31.5%. Its total assets and total liabilities are ¥119.3B and ¥47.6B respectively. Taiho Kogyo's EBIT is ¥2.5B making its interest coverage ratio -35.1. It has cash and short-term investments of ¥21.1B.
Key information
31.5%
Debt to equity ratio
JP¥22.58b
Debt
Interest coverage ratio | -35.1x |
Cash | JP¥21.11b |
Equity | JP¥71.69b |
Total liabilities | JP¥47.56b |
Total assets | JP¥119.25b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6470's short term assets (¥62.5B) exceed its short term liabilities (¥27.6B).
Long Term Liabilities: 6470's short term assets (¥62.5B) exceed its long term liabilities (¥19.9B).
Debt to Equity History and Analysis
Debt Level: 6470's net debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: 6470's debt to equity ratio has reduced from 32.4% to 31.5% over the past 5 years.
Debt Coverage: 6470's debt is well covered by operating cash flow (35.3%).
Interest Coverage: 6470 earns more interest than it pays, so coverage of interest payments is not a concern.