Tsubakimoto Chain Balance Sheet Health
Financial Health criteria checks 6/6
Tsubakimoto Chain has a total shareholder equity of ¥244.2B and total debt of ¥34.0B, which brings its debt-to-equity ratio to 13.9%. Its total assets and total liabilities are ¥373.7B and ¥129.5B respectively. Tsubakimoto Chain's EBIT is ¥19.5B making its interest coverage ratio -11.1. It has cash and short-term investments of ¥71.0B.
Key information
13.9%
Debt to equity ratio
JP¥33.97b
Debt
Interest coverage ratio | -11.1x |
Cash | JP¥71.05b |
Equity | JP¥244.18b |
Total liabilities | JP¥129.55b |
Total assets | JP¥373.73b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6371's short term assets (¥199.7B) exceed its short term liabilities (¥77.5B).
Long Term Liabilities: 6371's short term assets (¥199.7B) exceed its long term liabilities (¥52.0B).
Debt to Equity History and Analysis
Debt Level: 6371 has more cash than its total debt.
Reducing Debt: 6371's debt to equity ratio has reduced from 25.9% to 13.9% over the past 5 years.
Debt Coverage: 6371's debt is well covered by operating cash flow (98.8%).
Interest Coverage: 6371 earns more interest than it pays, so coverage of interest payments is not a concern.