Takada Balance Sheet Health
Financial Health criteria checks 5/6
Takada has a total shareholder equity of ¥16.9B and total debt of ¥6.1B, which brings its debt-to-equity ratio to 36.3%. Its total assets and total liabilities are ¥37.6B and ¥20.7B respectively. Takada's EBIT is ¥2.4B making its interest coverage ratio -60. It has cash and short-term investments of ¥4.2B.
Key information
36.3%
Debt to equity ratio
JP¥6.14b
Debt
Interest coverage ratio | -60x |
Cash | JP¥4.22b |
Equity | JP¥16.89b |
Total liabilities | JP¥20.74b |
Total assets | JP¥37.63b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1966's short term assets (¥26.0B) exceed its short term liabilities (¥17.3B).
Long Term Liabilities: 1966's short term assets (¥26.0B) exceed its long term liabilities (¥3.4B).
Debt to Equity History and Analysis
Debt Level: 1966's net debt to equity ratio (11.4%) is considered satisfactory.
Reducing Debt: 1966's debt to equity ratio has increased from 27.7% to 36.3% over the past 5 years.
Debt Coverage: 1966's debt is well covered by operating cash flow (28.4%).
Interest Coverage: 1966 earns more interest than it pays, so coverage of interest payments is not a concern.