Takasago Thermal Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Takasago Thermal Engineering has a total shareholder equity of ¥163.7B and total debt of ¥22.2B, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are ¥288.7B and ¥125.0B respectively. Takasago Thermal Engineering's EBIT is ¥24.3B making its interest coverage ratio -20.9. It has cash and short-term investments of ¥41.2B.
Key information
13.6%
Debt to equity ratio
JP¥22.21b
Debt
| Interest coverage ratio | -20.9x |
| Cash | JP¥41.24b |
| Equity | JP¥163.67b |
| Total liabilities | JP¥125.02b |
| Total assets | JP¥288.70b |
Recent financial health updates
Takasago Thermal Engineering (TSE:1969) Seems To Use Debt Rather Sparingly
Sep 11
Takasago Thermal Engineering (TSE:1969) Has A Rock Solid Balance Sheet
Mar 14Recent updates
Takasago Thermal Engineering Co., Ltd.'s (TSE:1969) Price Is Out Of Tune With Earnings
Oct 11Takasago Thermal Engineering (TSE:1969) Seems To Use Debt Rather Sparingly
Sep 11Earnings Report: Takasago Thermal Engineering Co., Ltd. Missed Revenue Estimates By 9.7%
Aug 23Getting In Cheap On Takasago Thermal Engineering Co., Ltd. (TSE:1969) Is Unlikely
Jun 06There May Be Underlying Issues With The Quality Of Takasago Thermal Engineering's (TSE:1969) Earnings
May 22The Returns At Takasago Thermal Engineering (TSE:1969) Aren't Growing
Apr 10Takasago Thermal Engineering (TSE:1969) Has A Rock Solid Balance Sheet
Mar 14There's Reason For Concern Over Takasago Thermal Engineering Co., Ltd.'s (TSE:1969) Massive 32% Price Jump
Feb 27Financial Position Analysis
Short Term Liabilities: 1969's short term assets (¥197.6B) exceed its short term liabilities (¥99.3B).
Long Term Liabilities: 1969's short term assets (¥197.6B) exceed its long term liabilities (¥25.7B).
Debt to Equity History and Analysis
Debt Level: 1969 has more cash than its total debt.
Reducing Debt: 1969's debt to equity ratio has increased from 12.4% to 13.6% over the past 5 years.
Debt Coverage: 1969's debt is well covered by operating cash flow (41.9%).
Interest Coverage: 1969 earns more interest than it pays, so coverage of interest payments is not a concern.