Tomoe Balance Sheet Health
Financial Health criteria checks 4/6
Tomoe has a total shareholder equity of ¥51.4B and total debt of ¥11.2B, which brings its debt-to-equity ratio to 21.8%. Its total assets and total liabilities are ¥76.3B and ¥24.9B respectively. Tomoe's EBIT is ¥3.2B making its interest coverage ratio -4.8. It has cash and short-term investments of ¥9.8B.
Key information
21.8%
Debt to equity ratio
JP¥11.22b
Debt
Interest coverage ratio | -4.8x |
Cash | JP¥9.80b |
Equity | JP¥51.39b |
Total liabilities | JP¥24.92b |
Total assets | JP¥76.31b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1921's short term assets (¥27.4B) exceed its short term liabilities (¥13.4B).
Long Term Liabilities: 1921's short term assets (¥27.4B) exceed its long term liabilities (¥11.5B).
Debt to Equity History and Analysis
Debt Level: 1921's net debt to equity ratio (2.8%) is considered satisfactory.
Reducing Debt: 1921's debt to equity ratio has increased from 10.5% to 21.8% over the past 5 years.
Debt Coverage: 1921's debt is not well covered by operating cash flow (19.6%).
Interest Coverage: 1921 earns more interest than it pays, so coverage of interest payments is not a concern.