Toyo Denki Seizo K.K Balance Sheet Health
Financial Health criteria checks 6/6
Toyo Denki Seizo K.K has a total shareholder equity of ¥26.2B and total debt of ¥10.9B, which brings its debt-to-equity ratio to 41.4%. Its total assets and total liabilities are ¥51.4B and ¥25.1B respectively. Toyo Denki Seizo K.K's EBIT is ¥589.0M making its interest coverage ratio -4. It has cash and short-term investments of ¥3.5B.
Key information
41.4%
Debt to equity ratio
JP¥10.86b
Debt
Interest coverage ratio | -4x |
Cash | JP¥3.50b |
Equity | JP¥26.25b |
Total liabilities | JP¥25.15b |
Total assets | JP¥51.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6505's short term assets (¥26.0B) exceed its short term liabilities (¥10.4B).
Long Term Liabilities: 6505's short term assets (¥26.0B) exceed its long term liabilities (¥14.7B).
Debt to Equity History and Analysis
Debt Level: 6505's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: 6505's debt to equity ratio has reduced from 79% to 41.4% over the past 5 years.
Debt Coverage: 6505's debt is well covered by operating cash flow (22.3%).
Interest Coverage: 6505 earns more interest than it pays, so coverage of interest payments is not a concern.