Toyo Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Toyo Engineering has a total shareholder equity of ¥54.9B and total debt of ¥34.5B, which brings its debt-to-equity ratio to 62.9%. Its total assets and total liabilities are ¥282.0B and ¥227.1B respectively. Toyo Engineering's EBIT is ¥5.7B making its interest coverage ratio -13.2. It has cash and short-term investments of ¥138.1B.
Key information
62.9%
Debt to equity ratio
JP¥34.49b
Debt
Interest coverage ratio | -13.2x |
Cash | JP¥138.06b |
Equity | JP¥54.87b |
Total liabilities | JP¥227.13b |
Total assets | JP¥282.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6330's short term assets (¥247.2B) exceed its short term liabilities (¥196.8B).
Long Term Liabilities: 6330's short term assets (¥247.2B) exceed its long term liabilities (¥30.3B).
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 132.5% to 62.9% over the past 5 years.
Debt Coverage: 6330's debt is well covered by operating cash flow (64.9%).
Interest Coverage: 6330 earns more interest than it pays, so coverage of interest payments is not a concern.