Torishima Pump Mfg Balance Sheet Health
Financial Health criteria checks 6/6
Torishima Pump Mfg has a total shareholder equity of ¥48.9B and total debt of ¥16.1B, which brings its debt-to-equity ratio to 33%. Its total assets and total liabilities are ¥93.6B and ¥44.7B respectively. Torishima Pump Mfg's EBIT is ¥7.7B making its interest coverage ratio -40. It has cash and short-term investments of ¥11.5B.
Key information
33.0%
Debt to equity ratio
JP¥16.14b
Debt
Interest coverage ratio | -40x |
Cash | JP¥11.51b |
Equity | JP¥48.91b |
Total liabilities | JP¥44.66b |
Total assets | JP¥93.57b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6363's short term assets (¥60.8B) exceed its short term liabilities (¥28.9B).
Long Term Liabilities: 6363's short term assets (¥60.8B) exceed its long term liabilities (¥15.7B).
Debt to Equity History and Analysis
Debt Level: 6363's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: 6363's debt to equity ratio has reduced from 44.9% to 33% over the past 5 years.
Debt Coverage: 6363's debt is well covered by operating cash flow (28%).
Interest Coverage: 6363 earns more interest than it pays, so coverage of interest payments is not a concern.