Taihei Machinery Works Balance Sheet Health
Financial Health criteria checks 6/6
Taihei Machinery Works has a total shareholder equity of ¥7.2B and total debt of ¥799.0M, which brings its debt-to-equity ratio to 11.1%. Its total assets and total liabilities are ¥12.0B and ¥4.8B respectively. Taihei Machinery Works's EBIT is ¥2.0B making its interest coverage ratio -396.8. It has cash and short-term investments of ¥4.6B.
Key information
11.1%
Debt to equity ratio
JP¥799.00m
Debt
| Interest coverage ratio | -396.8x |
| Cash | JP¥4.63b |
| Equity | JP¥7.21b |
| Total liabilities | JP¥4.80b |
| Total assets | JP¥12.01b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6342's short term assets (¥9.6B) exceed its short term liabilities (¥4.4B).
Long Term Liabilities: 6342's short term assets (¥9.6B) exceed its long term liabilities (¥375.0M).
Debt to Equity History and Analysis
Debt Level: 6342 has more cash than its total debt.
Reducing Debt: 6342's debt to equity ratio has reduced from 20.5% to 11.1% over the past 5 years.
Debt Coverage: 6342's debt is well covered by operating cash flow (211.9%).
Interest Coverage: 6342 earns more interest than it pays, so coverage of interest payments is not a concern.