Togami Electric Mfg Balance Sheet Health
Financial Health criteria checks 6/6
Togami Electric Mfg has a total shareholder equity of ¥21.1B and total debt of ¥328.0M, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are ¥31.4B and ¥10.3B respectively. Togami Electric Mfg's EBIT is ¥2.7B making its interest coverage ratio -56.1. It has cash and short-term investments of ¥7.1B.
Key information
1.6%
Debt to equity ratio
JP¥328.00m
Debt
Interest coverage ratio | -56.1x |
Cash | JP¥7.12b |
Equity | JP¥21.10b |
Total liabilities | JP¥10.30b |
Total assets | JP¥31.40b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6643's short term assets (¥20.8B) exceed its short term liabilities (¥7.4B).
Long Term Liabilities: 6643's short term assets (¥20.8B) exceed its long term liabilities (¥2.9B).
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 2.9% to 1.6% over the past 5 years.
Debt Coverage: 6643's debt is well covered by operating cash flow (654.6%).
Interest Coverage: 6643 earns more interest than it pays, so coverage of interest payments is not a concern.