Takaoka Toko Balance Sheet Health
Financial Health criteria checks 6/6
Takaoka Toko has a total shareholder equity of ¥64.1B and total debt of ¥4.5B, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are ¥109.0B and ¥44.9B respectively. Takaoka Toko's EBIT is ¥8.0B making its interest coverage ratio 795.7. It has cash and short-term investments of ¥12.9B.
Key information
7.0%
Debt to equity ratio
JP¥4.46b
Debt
| Interest coverage ratio | 795.7x |
| Cash | JP¥12.87b |
| Equity | JP¥64.11b |
| Total liabilities | JP¥44.91b |
| Total assets | JP¥109.02b |
Financial Position Analysis
Short Term Liabilities: 6617's short term assets (¥66.5B) exceed its short term liabilities (¥24.9B).
Long Term Liabilities: 6617's short term assets (¥66.5B) exceed its long term liabilities (¥20.1B).
Debt to Equity History and Analysis
Debt Level: 6617 has more cash than its total debt.
Reducing Debt: 6617's debt to equity ratio has reduced from 11.9% to 7% over the past 5 years.
Debt Coverage: 6617's debt is well covered by operating cash flow (107.3%).
Interest Coverage: 6617's interest payments on its debt are well covered by EBIT (795.7x coverage).