Tokyo Energy & Systems Balance Sheet Health
Financial Health criteria checks 5/6
Tokyo Energy & Systems has a total shareholder equity of ¥67.5B and total debt of ¥10.0B, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are ¥95.4B and ¥27.9B respectively. Tokyo Energy & Systems's EBIT is ¥2.7B making its interest coverage ratio -5.3. It has cash and short-term investments of ¥8.7B.
Key information
14.7%
Debt to equity ratio
JP¥9.95b
Debt
| Interest coverage ratio | -5.3x |
| Cash | JP¥8.74b |
| Equity | JP¥67.52b |
| Total liabilities | JP¥27.88b |
| Total assets | JP¥95.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1945's short term assets (¥44.8B) exceed its short term liabilities (¥15.5B).
Long Term Liabilities: 1945's short term assets (¥44.8B) exceed its long term liabilities (¥12.4B).
Debt to Equity History and Analysis
Debt Level: 1945's net debt to equity ratio (1.8%) is considered satisfactory.
Reducing Debt: 1945's debt to equity ratio has increased from 1% to 14.7% over the past 5 years.
Debt Coverage: 1945's debt is well covered by operating cash flow (55%).
Interest Coverage: 1945 earns more interest than it pays, so coverage of interest payments is not a concern.