Toa Road Balance Sheet Health
Financial Health criteria checks 6/6
Toa Road has a total shareholder equity of ¥56.1B and total debt of ¥1.5B, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are ¥92.9B and ¥36.8B respectively. Toa Road's EBIT is ¥5.5B making its interest coverage ratio -32.4. It has cash and short-term investments of ¥14.2B.
Key information
2.7%
Debt to equity ratio
JP¥1.50b
Debt
Interest coverage ratio | -32.4x |
Cash | JP¥14.23b |
Equity | JP¥56.07b |
Total liabilities | JP¥36.82b |
Total assets | JP¥92.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1882's short term assets (¥61.6B) exceed its short term liabilities (¥32.5B).
Long Term Liabilities: 1882's short term assets (¥61.6B) exceed its long term liabilities (¥4.3B).
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 19.5% to 2.7% over the past 5 years.
Debt Coverage: 1882's debt is well covered by operating cash flow (727.4%).
Interest Coverage: 1882 earns more interest than it pays, so coverage of interest payments is not a concern.