Toa Road Balance Sheet Health
Financial Health criteria checks 5/6
Toa Road has a total shareholder equity of ¥53.2B and total debt of ¥1.2B, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are ¥83.3B and ¥30.1B respectively. Toa Road's EBIT is ¥5.0B making its interest coverage ratio -27.4. It has cash and short-term investments of ¥8.8B.
Key information
2.2%
Debt to equity ratio
JP¥1.18b
Debt
| Interest coverage ratio | -27.4x |
| Cash | JP¥8.84b |
| Equity | JP¥53.22b |
| Total liabilities | JP¥30.12b |
| Total assets | JP¥83.34b |
Financial Position Analysis
Short Term Liabilities: 1882's short term assets (¥52.7B) exceed its short term liabilities (¥26.3B).
Long Term Liabilities: 1882's short term assets (¥52.7B) exceed its long term liabilities (¥3.8B).
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 15.7% to 2.2% over the past 5 years.
Debt Coverage: 1882's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1882 earns more interest than it pays, so coverage of interest payments is not a concern.