TOKAI Holdings Balance Sheet Health
Financial Health criteria checks 4/6
TOKAI Holdings has a total shareholder equity of ¥91.3B and total debt of ¥46.3B, which brings its debt-to-equity ratio to 50.7%. Its total assets and total liabilities are ¥205.3B and ¥114.0B respectively. TOKAI Holdings's EBIT is ¥15.5B making its interest coverage ratio 408.2. It has cash and short-term investments of ¥5.8B.
Key information
50.7%
Debt to equity ratio
JP¥46.30b
Debt
Interest coverage ratio | 408.2x |
Cash | JP¥5.76b |
Equity | JP¥91.30b |
Total liabilities | JP¥114.01b |
Total assets | JP¥205.30b |
Financial Position Analysis
Short Term Liabilities: 3167's short term assets (¥54.7B) do not cover its short term liabilities (¥61.8B).
Long Term Liabilities: 3167's short term assets (¥54.7B) exceed its long term liabilities (¥52.2B).
Debt to Equity History and Analysis
Debt Level: 3167's net debt to equity ratio (44.4%) is considered high.
Reducing Debt: 3167's debt to equity ratio has reduced from 79.2% to 50.7% over the past 5 years.
Debt Coverage: 3167's debt is well covered by operating cash flow (64.9%).
Interest Coverage: 3167's interest payments on its debt are well covered by EBIT (408.2x coverage).