Tohoku Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Tohoku Chemical has a total shareholder equity of ¥7.3B and total debt of ¥287.0M, which brings its debt-to-equity ratio to 3.9%. Its total assets and total liabilities are ¥19.7B and ¥12.4B respectively. Tohoku Chemical's EBIT is ¥554.0M making its interest coverage ratio -12. It has cash and short-term investments of ¥2.3B.
Key information
3.9%
Debt to equity ratio
JP¥287.00m
Debt
| Interest coverage ratio | -12x |
| Cash | JP¥2.33b |
| Equity | JP¥7.28b |
| Total liabilities | JP¥12.41b |
| Total assets | JP¥19.68b |
Recent financial health updates
Does Tohoku Chemical (TYO:7446) Have A Healthy Balance Sheet?
Mar 15
These 4 Measures Indicate That Tohoku Chemical (TYO:7446) Is Using Debt Reasonably Well
Dec 15Recent updates
Why Tohoku Chemical Co., Ltd. (TYO:7446) Is A Dividend Rockstar
May 09Tohoku Chemical (TYO:7446) Might Have The Makings Of A Multi-Bagger
Apr 12Does Tohoku Chemical (TYO:7446) Have A Healthy Balance Sheet?
Mar 15Tohoku Chemical Co., Ltd. (TYO:7446) Has Got What It Takes To Be An Attractive Dividend Stock
Jan 27
Returns On Capital - An Important Metric For Tohoku Chemical (TYO:7446)
Jan 04These 4 Measures Indicate That Tohoku Chemical (TYO:7446) Is Using Debt Reasonably Well
Dec 15Should You Rely On Tohoku Chemical's (TYO:7446) Earnings Growth?
Nov 23Financial Position Analysis
Short Term Liabilities: 7446's short term assets (¥14.0B) exceed its short term liabilities (¥11.3B).
Long Term Liabilities: 7446's short term assets (¥14.0B) exceed its long term liabilities (¥1.1B).
Debt to Equity History and Analysis
Debt Level: 7446 has more cash than its total debt.
Reducing Debt: 7446's debt to equity ratio has reduced from 10.7% to 3.9% over the past 5 years.
Debt Coverage: 7446's debt is well covered by operating cash flow (441.8%).
Interest Coverage: 7446 earns more interest than it pays, so coverage of interest payments is not a concern.