Toyo Engineering Balance Sheet Health
Financial Health criteria checks 5/6
Toyo Engineering has a total shareholder equity of ¥62.8B and total debt of ¥46.6B, which brings its debt-to-equity ratio to 74.2%. Its total assets and total liabilities are ¥276.9B and ¥214.1B respectively. Toyo Engineering's EBIT is ¥5.5B making its interest coverage ratio -6.4. It has cash and short-term investments of ¥104.6B.
Key information
74.2%
Debt to equity ratio
JP¥46.62b
Debt
| Interest coverage ratio | -6.4x |
| Cash | JP¥104.61b |
| Equity | JP¥62.83b |
| Total liabilities | JP¥214.09b |
| Total assets | JP¥276.92b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6330's short term assets (¥233.8B) exceed its short term liabilities (¥179.0B).
Long Term Liabilities: 6330's short term assets (¥233.8B) exceed its long term liabilities (¥35.1B).
Debt to Equity History and Analysis
Debt Level: 6330 has more cash than its total debt.
Reducing Debt: 6330's debt to equity ratio has reduced from 76.5% to 74.2% over the past 5 years.
Debt Coverage: 6330's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6330 earns more interest than it pays, so coverage of interest payments is not a concern.