Toda Balance Sheet Health
Financial Health criteria checks 3/6
Toda has a total shareholder equity of ¥351.8B and total debt of ¥271.2B, which brings its debt-to-equity ratio to 77.1%. Its total assets and total liabilities are ¥905.3B and ¥553.4B respectively. Toda's EBIT is ¥20.7B making its interest coverage ratio -4.4. It has cash and short-term investments of ¥81.7B.
Key information
77.1%
Debt to equity ratio
JP¥271.20b
Debt
| Interest coverage ratio | -4.4x |
| Cash | JP¥81.71b |
| Equity | JP¥351.85b |
| Total liabilities | JP¥553.45b |
| Total assets | JP¥905.30b |
Recent financial health updates
Is Toda (TSE:1860) Using Too Much Debt?
Sep 11
Toda (TSE:1860) Takes On Some Risk With Its Use Of Debt
Jun 09Recent updates
Solid Earnings May Not Tell The Whole Story For Toda (TSE:1860)
Nov 22Is Toda (TSE:1860) Using Too Much Debt?
Sep 11Toda Corporation Just Missed Revenue By 7.6%: Here's What Analysts Think Will Happen Next
Aug 13Toda (TSE:1860) Has Announced That It Will Be Increasing Its Dividend To ¥14.50
Aug 11Toda's (TSE:1860) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 26Toda's (TSE:1860) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 11With Toda Corporation (TSE:1860) It Looks Like You'll Get What You Pay For
Jul 04Toda (TSE:1860) Takes On Some Risk With Its Use Of Debt
Jun 09Toda's (TSE:1860) Profits Appear To Have Quality Issues
May 22Returns On Capital At Toda (TSE:1860) Paint A Concerning Picture
Apr 12Toda's (TSE:1860) Dividend Will Be ¥14.00
Mar 25Toda (TSE:1860) Is Due To Pay A Dividend Of ¥14.00
Mar 11Toda (TSE:1860) Has Announced A Dividend Of ¥14.00
Feb 26Financial Position Analysis
Short Term Liabilities: 1860's short term assets (¥418.7B) exceed its short term liabilities (¥340.3B).
Long Term Liabilities: 1860's short term assets (¥418.7B) exceed its long term liabilities (¥213.2B).
Debt to Equity History and Analysis
Debt Level: 1860's net debt to equity ratio (53.9%) is considered high.
Reducing Debt: 1860's debt to equity ratio has increased from 46.3% to 77.1% over the past 5 years.
Debt Coverage: 1860's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1860 earns more interest than it pays, so coverage of interest payments is not a concern.