Takasago Thermal Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Takasago Thermal Engineering has a total shareholder equity of ¥156.8B and total debt of ¥32.9B, which brings its debt-to-equity ratio to 21%. Its total assets and total liabilities are ¥319.2B and ¥162.5B respectively. Takasago Thermal Engineering's EBIT is ¥25.3B making its interest coverage ratio -29. It has cash and short-term investments of ¥40.4B.
Key information
21.0%
Debt to equity ratio
JP¥32.89b
Debt
| Interest coverage ratio | -29x |
| Cash | JP¥40.42b |
| Equity | JP¥156.75b |
| Total liabilities | JP¥162.49b |
| Total assets | JP¥319.24b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1969's short term assets (¥235.4B) exceed its short term liabilities (¥137.5B).
Long Term Liabilities: 1969's short term assets (¥235.4B) exceed its long term liabilities (¥25.0B).
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 11.9% to 21% over the past 5 years.
Debt Coverage: 1969's debt is well covered by operating cash flow (45.8%).
Interest Coverage: 1969 earns more interest than it pays, so coverage of interest payments is not a concern.