Techno Ryowa Balance Sheet Health
Financial Health criteria checks 5/6
Techno Ryowa has a total shareholder equity of ¥45.0B and total debt of ¥900.0M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ¥67.8B and ¥22.8B respectively. Techno Ryowa's EBIT is ¥4.4B making its interest coverage ratio -19.4. It has cash and short-term investments of ¥12.3B.
Key information
2.0%
Debt to equity ratio
JP¥900.00m
Debt
| Interest coverage ratio | -19.4x |
| Cash | JP¥12.28b |
| Equity | JP¥44.96b |
| Total liabilities | JP¥22.81b |
| Total assets | JP¥67.77b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1965's short term assets (¥45.0B) exceed its short term liabilities (¥19.4B).
Long Term Liabilities: 1965's short term assets (¥45.0B) exceed its long term liabilities (¥3.4B).
Debt to Equity History and Analysis
Debt Level: 1965 has more cash than its total debt.
Reducing Debt: 1965's debt to equity ratio has reduced from 2.9% to 2% over the past 5 years.
Debt Coverage: 1965's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1965 earns more interest than it pays, so coverage of interest payments is not a concern.