Taiho Kogyo Balance Sheet Health
Financial Health criteria checks 5/6
Taiho Kogyo has a total shareholder equity of ¥70.5B and total debt of ¥30.6B, which brings its debt-to-equity ratio to 43.4%. Its total assets and total liabilities are ¥125.0B and ¥54.5B respectively. Taiho Kogyo's EBIT is ¥1.1B making its interest coverage ratio -14.1. It has cash and short-term investments of ¥27.5B.
Key information
43.4%
Debt to equity ratio
JP¥30.59b
Debt
| Interest coverage ratio | -14.1x |
| Cash | JP¥27.51b |
| Equity | JP¥70.52b |
| Total liabilities | JP¥54.47b |
| Total assets | JP¥124.99b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6470's short term assets (¥70.3B) exceed its short term liabilities (¥28.1B).
Long Term Liabilities: 6470's short term assets (¥70.3B) exceed its long term liabilities (¥26.3B).
Debt to Equity History and Analysis
Debt Level: 6470's net debt to equity ratio (4.4%) is considered satisfactory.
Reducing Debt: 6470's debt to equity ratio has increased from 29.9% to 43.4% over the past 5 years.
Debt Coverage: 6470's debt is well covered by operating cash flow (35.1%).
Interest Coverage: 6470 earns more interest than it pays, so coverage of interest payments is not a concern.