Taihei Dengyo Kaisha Balance Sheet Health
Financial Health criteria checks 5/6
Taihei Dengyo Kaisha has a total shareholder equity of ¥103.6B and total debt of ¥14.3B, which brings its debt-to-equity ratio to 13.8%. Its total assets and total liabilities are ¥156.3B and ¥52.7B respectively. Taihei Dengyo Kaisha's EBIT is ¥11.6B making its interest coverage ratio -30.9. It has cash and short-term investments of ¥47.6B.
Key information
13.8%
Debt to equity ratio
JP¥14.34b
Debt
| Interest coverage ratio | -30.9x |
| Cash | JP¥47.61b |
| Equity | JP¥103.58b |
| Total liabilities | JP¥52.71b |
| Total assets | JP¥156.29b |
Recent financial health updates
Recent updates
We Think Taihei Dengyo Kaisha (TSE:1968) Can Stay On Top Of Its Debt
Aug 30
Taihei Dengyo Kaisha, Ltd. (TSE:1968) Stock Rockets 29% As Investors Are Less Pessimistic Than Expected
Jun 07Taihei Dengyo Kaisha's (TSE:1968) Sluggish Earnings Might Be Just The Beginning Of Its Problems
May 22Taihei Dengyo Kaisha's (TSE:1968) Upcoming Dividend Will Be Larger Than Last Year's
Mar 02Financial Position Analysis
Short Term Liabilities: 1968's short term assets (¥109.0B) exceed its short term liabilities (¥39.0B).
Long Term Liabilities: 1968's short term assets (¥109.0B) exceed its long term liabilities (¥13.7B).
Debt to Equity History and Analysis
Debt Level: 1968 has more cash than its total debt.
Reducing Debt: 1968's debt to equity ratio has reduced from 16.2% to 13.8% over the past 5 years.
Debt Coverage: 1968's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1968 earns more interest than it pays, so coverage of interest payments is not a concern.