Toda Balance Sheet Health
Financial Health criteria checks 5/6
Toda has a total shareholder equity of ¥355.5B and total debt of ¥226.6B, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are ¥872.1B and ¥516.5B respectively. Toda's EBIT is ¥17.9B making its interest coverage ratio -3.4. It has cash and short-term investments of ¥114.4B.
Key information
63.7%
Debt to equity ratio
JP¥226.57b
Debt
| Interest coverage ratio | -3.4x |
| Cash | JP¥114.41b |
| Equity | JP¥355.52b |
| Total liabilities | JP¥516.54b |
| Total assets | JP¥872.06b |
Recent financial health updates
Recent updates
Toda (TSE:1860) Takes On Some Risk With Its Use Of Debt
Jun 09
Toda'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 (¥421.9B) exceed its short term liabilities (¥295.5B).
Long Term Liabilities: 1860's short term assets (¥421.9B) exceed its long term liabilities (¥221.1B).
Debt to Equity History and Analysis
Debt Level: 1860's net debt to equity ratio (31.5%) is considered satisfactory.
Reducing Debt: 1860's debt to equity ratio has increased from 49% to 63.7% over the past 5 years.
Debt Coverage: 1860's debt is well covered by operating cash flow (27.4%).
Interest Coverage: 1860 earns more interest than it pays, so coverage of interest payments is not a concern.