Tokai Rika Balance Sheet Health
Financial Health criteria checks 6/6
Tokai Rika has a total shareholder equity of ¥339.5B and total debt of ¥10.0B, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are ¥519.7B and ¥180.2B respectively. Tokai Rika's EBIT is ¥28.8B making its interest coverage ratio -16. It has cash and short-term investments of ¥79.2B.
Key information
2.9%
Debt to equity ratio
JP¥10.00b
Debt
| Interest coverage ratio | -16x |
| Cash | JP¥79.18b |
| Equity | JP¥339.49b |
| Total liabilities | JP¥180.23b |
| Total assets | JP¥519.72b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6995's short term assets (¥264.7B) exceed its short term liabilities (¥131.9B).
Long Term Liabilities: 6995's short term assets (¥264.7B) exceed its long term liabilities (¥48.4B).
Debt to Equity History and Analysis
Debt Level: 6995 has more cash than its total debt.
Reducing Debt: 6995's debt to equity ratio has reduced from 4.3% to 2.9% over the past 5 years.
Debt Coverage: 6995's debt is well covered by operating cash flow (483.1%).
Interest Coverage: 6995 earns more interest than it pays, so coverage of interest payments is not a concern.