TOA Balance Sheet Health
Financial Health criteria checks 5/6
TOA has a total shareholder equity of ¥99.6B and total debt of ¥43.4B, which brings its debt-to-equity ratio to 43.6%. Its total assets and total liabilities are ¥271.5B and ¥171.9B respectively. TOA's EBIT is ¥19.2B making its interest coverage ratio -417.1. It has cash and short-term investments of ¥38.7B.
Key information
43.6%
Debt to equity ratio
JP¥43.41b
Debt
| Interest coverage ratio | -417.1x |
| Cash | JP¥38.71b |
| Equity | JP¥99.55b |
| Total liabilities | JP¥171.92b |
| Total assets | JP¥271.47b |
Recent financial health updates
No updates
Recent updates
We Think TOA's (TSE:1885) Robust Earnings Are Conservative
May 22
TOA (TSE:1885) Is Increasing Its Dividend To ¥150.00
Mar 20TOA's (TSE:1885) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 02TOA Corporation (TSE:1885) Stock Catapults 36% Though Its Price And Business Still Lag The Market
Feb 26Financial Position Analysis
Short Term Liabilities: 1885's short term assets (¥214.3B) exceed its short term liabilities (¥158.8B).
Long Term Liabilities: 1885's short term assets (¥214.3B) exceed its long term liabilities (¥13.1B).
Debt to Equity History and Analysis
Debt Level: 1885's net debt to equity ratio (4.7%) is considered satisfactory.
Reducing Debt: 1885's debt to equity ratio has increased from 36.2% to 43.6% over the past 5 years.
Debt Coverage: 1885's debt is well covered by operating cash flow (34.5%).
Interest Coverage: 1885 earns more interest than it pays, so coverage of interest payments is not a concern.