TVE Balance Sheet Health
Financial Health criteria checks 6/6
TVE has a total shareholder equity of ¥11.1B and total debt of ¥365.0M, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are ¥14.9B and ¥3.8B respectively. TVE's EBIT is ¥1.3B making its interest coverage ratio -29.4. It has cash and short-term investments of ¥5.5B.
Key information
3.3%
Debt to equity ratio
JP¥365.00m
Debt
| Interest coverage ratio | -29.4x |
| Cash | JP¥5.51b |
| Equity | JP¥11.13b |
| Total liabilities | JP¥3.77b |
| Total assets | JP¥14.90b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6466's short term assets (¥10.2B) exceed its short term liabilities (¥2.5B).
Long Term Liabilities: 6466's short term assets (¥10.2B) exceed its long term liabilities (¥1.3B).
Debt to Equity History and Analysis
Debt Level: 6466 has more cash than its total debt.
Reducing Debt: 6466's debt to equity ratio has reduced from 4.4% to 3.3% over the past 5 years.
Debt Coverage: 6466's debt is well covered by operating cash flow (446.6%).
Interest Coverage: 6466 earns more interest than it pays, so coverage of interest payments is not a concern.