Technoflex Balance Sheet Health
Financial Health criteria checks 5/6
Technoflex has a total shareholder equity of ¥22.6B and total debt of ¥6.0B, which brings its debt-to-equity ratio to 26.5%. Its total assets and total liabilities are ¥32.5B and ¥9.9B respectively. Technoflex's EBIT is ¥1.5B making its interest coverage ratio 132.5. It has cash and short-term investments of ¥4.3B.
Key information
26.5%
Debt to equity ratio
JP¥5.99b
Debt
Interest coverage ratio | 132.5x |
Cash | JP¥4.33b |
Equity | JP¥22.56b |
Total liabilities | JP¥9.90b |
Total assets | JP¥32.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3449's short term assets (¥14.9B) exceed its short term liabilities (¥3.7B).
Long Term Liabilities: 3449's short term assets (¥14.9B) exceed its long term liabilities (¥6.2B).
Debt to Equity History and Analysis
Debt Level: 3449's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: 3449's debt to equity ratio has increased from 24.7% to 26.5% over the past 5 years.
Debt Coverage: 3449's debt is well covered by operating cash flow (32%).
Interest Coverage: 3449's interest payments on its debt are well covered by EBIT (132.5x coverage).