Toenec Balance Sheet Health
Financial Health criteria checks 6/6
Toenec has a total shareholder equity of ¥131.1B and total debt of ¥41.8B, which brings its debt-to-equity ratio to 31.9%. Its total assets and total liabilities are ¥304.9B and ¥173.8B respectively. Toenec's EBIT is ¥15.9B making its interest coverage ratio 10.4. It has cash and short-term investments of ¥38.3B.
Key information
31.9%
Debt to equity ratio
JP¥41.78b
Debt
Interest coverage ratio | 10.4x |
Cash | JP¥38.28b |
Equity | JP¥131.14b |
Total liabilities | JP¥173.79b |
Total assets | JP¥304.93b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1946's short term assets (¥136.5B) exceed its short term liabilities (¥83.8B).
Long Term Liabilities: 1946's short term assets (¥136.5B) exceed its long term liabilities (¥90.0B).
Debt to Equity History and Analysis
Debt Level: 1946's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: 1946's debt to equity ratio has reduced from 45.2% to 31.9% over the past 5 years.
Debt Coverage: 1946's debt is well covered by operating cash flow (45.8%).
Interest Coverage: 1946's interest payments on its debt are well covered by EBIT (10.4x coverage).