Tokai Rika Balance Sheet Health
Financial Health criteria checks 6/6
Tokai Rika has a total shareholder equity of ¥345.8B and total debt of ¥10.0B, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are ¥528.0B and ¥182.2B respectively. Tokai Rika's EBIT is ¥27.2B making its interest coverage ratio -14.5. It has cash and short-term investments of ¥92.0B.
Key information
2.9%
Debt to equity ratio
JP¥10.00b
Debt
Interest coverage ratio | -14.5x |
Cash | JP¥91.97b |
Equity | JP¥345.80b |
Total liabilities | JP¥182.23b |
Total assets | JP¥528.03b |
Recent financial health updates
Tokai Rika (TSE:6995) Has A Rock Solid Balance Sheet
Jul 22Is Tokai Rika (TSE:6995) Using Too Much Debt?
Apr 17Recent updates
Tokai Rika (TSE:6995) Has A Rock Solid Balance Sheet
Jul 22Tokai Rika's (TSE:6995) Earnings May Just Be The Starting Point
Jun 20Here's What's Concerning About Tokai Rika's (TSE:6995) Returns On Capital
Jun 08Tokai Rika Co., Ltd. Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next
Apr 27Is Tokai Rika (TSE:6995) Using Too Much Debt?
Apr 17Getting In Cheap On Tokai Rika Co., Ltd. (TSE:6995) Might Be Difficult
Mar 07Financial Position Analysis
Short Term Liabilities: 6995's short term assets (¥278.0B) exceed its short term liabilities (¥134.8B).
Long Term Liabilities: 6995's short term assets (¥278.0B) exceed its long term liabilities (¥47.4B).
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 4.1% to 2.9% over the past 5 years.
Debt Coverage: 6995's debt is well covered by operating cash flow (532.7%).
Interest Coverage: 6995 earns more interest than it pays, so coverage of interest payments is not a concern.