Tanabe Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Tanabe Engineering has a total shareholder equity of ¥23.5B and total debt of ¥4.3B, which brings its debt-to-equity ratio to 18.4%. Its total assets and total liabilities are ¥45.2B and ¥21.7B respectively. Tanabe Engineering's EBIT is ¥3.0B making its interest coverage ratio 251.4. It has cash and short-term investments of ¥5.1B.
Key information
18.4%
Debt to equity ratio
JP¥4.33b
Debt
| Interest coverage ratio | 251.4x |
| Cash | JP¥5.07b |
| Equity | JP¥23.46b |
| Total liabilities | JP¥21.71b |
| Total assets | JP¥45.17b |
Recent financial health updates
No updates
Recent updates
Tanabe Engineering's (TSE:1828) Upcoming Dividend Will Be Larger Than Last Year's
Nov 08
Investors Could Be Concerned With Tanabe Engineering's (TSE:1828) Returns On Capital
Aug 06Solid Earnings May Not Tell The Whole Story For Tanabe Engineering (TSE:1828)
May 21Tanabe Engineering's (TSE:1828) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 11Tanabe Engineering's (TSE:1828) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 26Financial Position Analysis
Short Term Liabilities: 1828's short term assets (¥34.9B) exceed its short term liabilities (¥19.7B).
Long Term Liabilities: 1828's short term assets (¥34.9B) exceed its long term liabilities (¥2.0B).
Debt to Equity History and Analysis
Debt Level: 1828 has more cash than its total debt.
Reducing Debt: 1828's debt to equity ratio has reduced from 21.8% to 18.4% over the past 5 years.
Debt Coverage: 1828's debt is well covered by operating cash flow (61.7%).
Interest Coverage: 1828's interest payments on its debt are well covered by EBIT (251.4x coverage).