Takaoka Toko Balance Sheet Health
Financial Health criteria checks 6/6
Takaoka Toko has a total shareholder equity of ¥63.8B and total debt of ¥5.5B, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are ¥116.6B and ¥52.8B respectively. Takaoka Toko's EBIT is ¥8.2B making its interest coverage ratio 8248. It has cash and short-term investments of ¥15.5B.
Key information
8.7%
Debt to equity ratio
JP¥5.54b
Debt
Interest coverage ratio | 8248x |
Cash | JP¥15.48b |
Equity | JP¥63.84b |
Total liabilities | JP¥52.79b |
Total assets | JP¥116.63b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6617's short term assets (¥74.7B) exceed its short term liabilities (¥31.9B).
Long Term Liabilities: 6617's short term assets (¥74.7B) exceed its long term liabilities (¥20.9B).
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 13.2% to 8.7% over the past 5 years.
Debt Coverage: 6617's debt is well covered by operating cash flow (107.2%).
Interest Coverage: 6617's interest payments on its debt are well covered by EBIT (8248x coverage).