Tanabe Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Tanabe Engineering has a total shareholder equity of ¥22.6B and total debt of ¥5.0B, which brings its debt-to-equity ratio to 22%. Its total assets and total liabilities are ¥46.2B and ¥23.6B respectively. Tanabe Engineering's EBIT is ¥2.7B making its interest coverage ratio 892.7. It has cash and short-term investments of ¥3.3B.
Key information
22.0%
Debt to equity ratio
JP¥4.98b
Debt
Interest coverage ratio | 892.7x |
Cash | JP¥3.29b |
Equity | JP¥22.63b |
Total liabilities | JP¥23.61b |
Total assets | JP¥46.24b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1828's short term assets (¥35.9B) exceed its short term liabilities (¥22.2B).
Long Term Liabilities: 1828's short term assets (¥35.9B) exceed its long term liabilities (¥1.4B).
Debt to Equity History and Analysis
Debt Level: 1828's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: 1828's debt to equity ratio has increased from 9.5% to 22% over the past 5 years.
Debt Coverage: 1828's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1828's interest payments on its debt are well covered by EBIT (892.7x coverage).