Toyo Denki Seizo K.K Balance Sheet Health
Financial Health criteria checks 5/6
Toyo Denki Seizo K.K has a total shareholder equity of ¥26.1B and total debt of ¥10.6B, which brings its debt-to-equity ratio to 40.6%. Its total assets and total liabilities are ¥51.7B and ¥25.6B respectively. Toyo Denki Seizo K.K's EBIT is ¥929.0M making its interest coverage ratio -5.8. It has cash and short-term investments of ¥6.4B.
Key information
40.6%
Debt to equity ratio
JP¥10.59b
Debt
Interest coverage ratio | -5.8x |
Cash | JP¥6.42b |
Equity | JP¥26.07b |
Total liabilities | JP¥25.58b |
Total assets | JP¥51.65b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6505's short term assets (¥28.0B) exceed its short term liabilities (¥15.2B).
Long Term Liabilities: 6505's short term assets (¥28.0B) exceed its long term liabilities (¥10.3B).
Debt to Equity History and Analysis
Debt Level: 6505's net debt to equity ratio (16%) is considered satisfactory.
Reducing Debt: 6505's debt to equity ratio has reduced from 62.2% to 40.6% over the past 5 years.
Debt Coverage: 6505's debt is not well covered by operating cash flow (17.4%).
Interest Coverage: 6505 earns more interest than it pays, so coverage of interest payments is not a concern.