Toenec Balance Sheet Health
Financial Health criteria checks 6/6
Toenec has a total shareholder equity of ¥130.5B and total debt of ¥42.4B, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are ¥299.6B and ¥169.1B respectively. Toenec's EBIT is ¥15.5B making its interest coverage ratio 10.7. It has cash and short-term investments of ¥36.3B.
Key information
32.5%
Debt to equity ratio
JP¥42.42b
Debt
| Interest coverage ratio | 10.7x |
| Cash | JP¥36.26b |
| Equity | JP¥130.50b |
| Total liabilities | JP¥169.06b |
| Total assets | JP¥299.56b |
Recent financial health updates
Recent updates
There May Be Underlying Issues With The Quality Of Toenec's (TSE:1946) Earnings
Nov 05
Toenec Corporation's (TSE:1946) Stock Retreats 28% But Revenues Haven't Escaped The Attention Of Investors
Aug 06Is Toenec (TSE:1946) A Risky Investment?
May 31Investors Shouldn't Be Too Comfortable With Toenec's (TSE:1946) Earnings
May 03Returns On Capital At Toenec (TSE:1946) Have Hit The Brakes
Apr 19Estimating The Intrinsic Value Of Toenec Corporation (TSE:1946)
Mar 14Financial Position Analysis
Short Term Liabilities: 1946's short term assets (¥133.2B) exceed its short term liabilities (¥82.9B).
Long Term Liabilities: 1946's short term assets (¥133.2B) exceed its long term liabilities (¥86.1B).
Debt to Equity History and Analysis
Debt Level: 1946's net debt to equity ratio (4.7%) is considered satisfactory.
Reducing Debt: 1946's debt to equity ratio has reduced from 42.5% to 32.5% over the past 5 years.
Debt Coverage: 1946's debt is well covered by operating cash flow (44.2%).
Interest Coverage: 1946's interest payments on its debt are well covered by EBIT (10.7x coverage).