TOA Balance Sheet Health
Financial Health criteria checks 4/6
TOA has a total shareholder equity of ¥91.5B and total debt of ¥37.0B, which brings its debt-to-equity ratio to 40.5%. Its total assets and total liabilities are ¥268.8B and ¥177.4B respectively. TOA's EBIT is ¥16.6B making its interest coverage ratio -8303.5. It has cash and short-term investments of ¥39.7B.
Key information
40.5%
Debt to equity ratio
JP¥37.03b
Debt
| Interest coverage ratio | -8303.5x |
| Cash | JP¥39.73b |
| Equity | JP¥91.47b |
| Total liabilities | JP¥177.36b |
| Total assets | JP¥268.83b |
Financial Position Analysis
Short Term Liabilities: 1885's short term assets (¥216.1B) exceed its short term liabilities (¥165.3B).
Long Term Liabilities: 1885's short term assets (¥216.1B) exceed its long term liabilities (¥12.0B).
Debt to Equity History and Analysis
Debt Level: 1885 has more cash than its total debt.
Reducing Debt: 1885's debt to equity ratio has increased from 36.4% to 40.5% over the past 5 years.
Debt Coverage: 1885's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1885 earns more interest than it pays, so coverage of interest payments is not a concern.