Toa Road Balance Sheet Health
Financial Health criteria checks 6/6
Toa Road has a total shareholder equity of ¥53.5B and total debt of ¥250.0M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are ¥83.7B and ¥30.2B respectively. Toa Road's EBIT is ¥5.5B making its interest coverage ratio -32.6. It has cash and short-term investments of ¥12.3B.
Key information
0.5%
Debt to equity ratio
JP¥250.00m
Debt
Interest coverage ratio | -32.6x |
Cash | JP¥12.35b |
Equity | JP¥53.48b |
Total liabilities | JP¥30.22b |
Total assets | JP¥83.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1882's short term assets (¥55.1B) exceed its short term liabilities (¥27.1B).
Long Term Liabilities: 1882's short term assets (¥55.1B) exceed its long term liabilities (¥3.1B).
Debt to Equity History and Analysis
Debt Level: 1882 has more cash than its total debt.
Reducing Debt: 1882's debt to equity ratio has reduced from 22.8% to 0.5% over the past 5 years.
Debt Coverage: 1882's debt is well covered by operating cash flow (3095.6%).
Interest Coverage: 1882 earns more interest than it pays, so coverage of interest payments is not a concern.