Toyo Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Toyo Engineering has a total shareholder equity of ¥63.1B and total debt of ¥52.2B, which brings its debt-to-equity ratio to 82.7%. Its total assets and total liabilities are ¥311.8B and ¥248.7B respectively. Toyo Engineering's EBIT is ¥6.8B making its interest coverage ratio -9.8. It has cash and short-term investments of ¥111.1B.
Key information
82.7%
Debt to equity ratio
JP¥52.18b
Debt
| Interest coverage ratio | -9.8x |
| Cash | JP¥111.08b |
| Equity | JP¥63.07b |
| Total liabilities | JP¥248.71b |
| Total assets | JP¥311.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6330's short term assets (¥269.7B) exceed its short term liabilities (¥210.6B).
Long Term Liabilities: 6330's short term assets (¥269.7B) exceed its long term liabilities (¥38.1B).
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 increased from 74.3% to 82.7% over the past 5 years.
Debt Coverage: 6330's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 6330 earns more interest than it pays, so coverage of interest payments is not a concern.