Togami Electric Mfg Balance Sheet Health
Financial Health criteria checks 6/6
Togami Electric Mfg has a total shareholder equity of ¥20.3B and total debt of ¥355.0M, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are ¥30.6B and ¥10.3B respectively. Togami Electric Mfg's EBIT is ¥2.7B making its interest coverage ratio -54.3. It has cash and short-term investments of ¥6.9B.
Key information
1.8%
Debt to equity ratio
JP¥355.00m
Debt
Interest coverage ratio | -54.3x |
Cash | JP¥6.88b |
Equity | JP¥20.27b |
Total liabilities | JP¥10.32b |
Total assets | JP¥30.59b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6643's short term assets (¥20.6B) exceed its short term liabilities (¥7.3B).
Long Term Liabilities: 6643's short term assets (¥20.6B) exceed its long term liabilities (¥3.0B).
Debt to Equity History and Analysis
Debt Level: 6643 has more cash than its total debt.
Reducing Debt: 6643's debt to equity ratio has reduced from 3.9% to 1.8% over the past 5 years.
Debt Coverage: 6643's debt is well covered by operating cash flow (262.3%).
Interest Coverage: 6643 earns more interest than it pays, so coverage of interest payments is not a concern.