Tsurumi ManufacturingLtd Balance Sheet Health
Financial Health criteria checks 5/6
Tsurumi ManufacturingLtd has a total shareholder equity of ¥86.0B and total debt of ¥10.1B, which brings its debt-to-equity ratio to 11.7%. Its total assets and total liabilities are ¥108.0B and ¥21.9B respectively. Tsurumi ManufacturingLtd's EBIT is ¥8.5B making its interest coverage ratio -14.3. It has cash and short-term investments of ¥28.7B.
Key information
11.7%
Debt to equity ratio
JP¥10.05b
Debt
Interest coverage ratio | -14.3x |
Cash | JP¥28.69b |
Equity | JP¥86.04b |
Total liabilities | JP¥21.92b |
Total assets | JP¥107.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6351's short term assets (¥67.9B) exceed its short term liabilities (¥11.6B).
Long Term Liabilities: 6351's short term assets (¥67.9B) exceed its long term liabilities (¥10.3B).
Debt to Equity History and Analysis
Debt Level: 6351 has more cash than its total debt.
Reducing Debt: 6351's debt to equity ratio has increased from 2.6% to 11.7% over the past 5 years.
Debt Coverage: 6351's debt is well covered by operating cash flow (50.9%).
Interest Coverage: 6351 earns more interest than it pays, so coverage of interest payments is not a concern.