Tsubakimoto Chain Balance Sheet Health
Financial Health criteria checks 6/6
Tsubakimoto Chain has a total shareholder equity of ¥252.4B and total debt of ¥28.3B, which brings its debt-to-equity ratio to 11.2%. Its total assets and total liabilities are ¥369.0B and ¥116.6B respectively. Tsubakimoto Chain's EBIT is ¥22.1B making its interest coverage ratio -8.5. It has cash and short-term investments of ¥69.3B.
Key information
11.2%
Debt to equity ratio
JP¥28.26b
Debt
| Interest coverage ratio | -8.5x |
| Cash | JP¥69.32b |
| Equity | JP¥252.42b |
| Total liabilities | JP¥116.59b |
| Total assets | JP¥369.00b |
Recent financial health updates
No updates
Recent updates
Tsubakimoto Chain's (TSE:6371) Earnings Are Of Questionable Quality
Nov 21
Tsubakimoto Chain (TSE:6371) Will Pay A Dividend Of ¥99.00
Aug 16Tsubakimoto Chain (TSE:6371) Is Due To Pay A Dividend Of ¥99.00
Jul 26Tsubakimoto Chain (TSE:6371) Has Announced A Dividend Of ¥99.00
Jul 11Tsubakimoto Chain Co.'s (TSE:6371) Intrinsic Value Is Potentially 48% Above Its Share Price
Jun 18There May Be Underlying Issues With The Quality Of Tsubakimoto Chain's (TSE:6371) Earnings
May 22Tsubakimoto Chain Co.'s (TSE:6371) Share Price Could Signal Some Risk
Apr 23Financial Position Analysis
Short Term Liabilities: 6371's short term assets (¥193.3B) exceed its short term liabilities (¥65.1B).
Long Term Liabilities: 6371's short term assets (¥193.3B) exceed its long term liabilities (¥51.5B).
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 25.1% to 11.2% over the past 5 years.
Debt Coverage: 6371's debt is well covered by operating cash flow (113.4%).
Interest Coverage: 6371 earns more interest than it pays, so coverage of interest payments is not a concern.