TanakaLtd Balance Sheet Health
Financial Health criteria checks 6/6
TanakaLtd has a total shareholder equity of ¥14.2B and total debt of ¥4.4B, which brings its debt-to-equity ratio to 31.2%. Its total assets and total liabilities are ¥31.1B and ¥16.9B respectively. TanakaLtd's EBIT is ¥1.6B making its interest coverage ratio 177.9. It has cash and short-term investments of ¥4.2B.
Key information
31.2%
Debt to equity ratio
JP¥4.43b
Debt
Interest coverage ratio | 177.9x |
Cash | JP¥4.20b |
Equity | JP¥14.19b |
Total liabilities | JP¥16.91b |
Total assets | JP¥31.10b |
Financial Position Analysis
Short Term Liabilities: 7619's short term assets (¥18.0B) exceed its short term liabilities (¥14.7B).
Long Term Liabilities: 7619's short term assets (¥18.0B) exceed its long term liabilities (¥2.2B).
Debt to Equity History and Analysis
Debt Level: 7619's net debt to equity ratio (1.7%) is considered satisfactory.
Reducing Debt: 7619's debt to equity ratio has reduced from 42.5% to 31.2% over the past 5 years.
Debt Coverage: 7619's debt is well covered by operating cash flow (56.6%).
Interest Coverage: 7619's interest payments on its debt are well covered by EBIT (177.9x coverage).