Tsurumi ManufacturingLtd Balance Sheet Health
Financial Health criteria checks 5/6
Tsurumi ManufacturingLtd has a total shareholder equity of ¥93.9B and total debt of ¥9.8B, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are ¥117.6B and ¥23.7B respectively. Tsurumi ManufacturingLtd's EBIT is ¥9.3B making its interest coverage ratio -12.9. It has cash and short-term investments of ¥37.1B.
Key information
10.5%
Debt to equity ratio
JP¥9.84b
Debt
| Interest coverage ratio | -12.9x |
| Cash | JP¥37.12b |
| Equity | JP¥93.87b |
| Total liabilities | JP¥23.73b |
| Total assets | JP¥117.60b |
Recent financial health updates
No updates
Recent updates
Tsurumi ManufacturingLtd (TSE:6351) Is Due To Pay A Dividend Of ¥22.00
Aug 08
Positive Sentiment Still Eludes Tsurumi Manufacturing Co.,Ltd. (TSE:6351) Following 27% Share Price Slump
Aug 06Tsurumi ManufacturingLtd (TSE:6351) Is Paying Out A Dividend Of ¥22.00
Jul 25Tsurumi ManufacturingLtd (TSE:6351) Is Due To Pay A Dividend Of ¥22.00
Jul 11Tsurumi ManufacturingLtd (TSE:6351) Is Increasing Its Dividend To ¥28.00
Mar 03Financial Position Analysis
Short Term Liabilities: 6351's short term assets (¥73.7B) exceed its short term liabilities (¥13.5B).
Long Term Liabilities: 6351's short term assets (¥73.7B) exceed its long term liabilities (¥10.2B).
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 2.5% to 10.5% over the past 5 years.
Debt Coverage: 6351's debt is well covered by operating cash flow (96.9%).
Interest Coverage: 6351 earns more interest than it pays, so coverage of interest payments is not a concern.