Totech Balance Sheet Health
Financial Health criteria checks 6/6
Totech has a total shareholder equity of ¥50.0B and total debt of ¥16.4B, which brings its debt-to-equity ratio to 32.8%. Its total assets and total liabilities are ¥101.6B and ¥51.6B respectively. Totech's EBIT is ¥10.0B making its interest coverage ratio -46.7. It has cash and short-term investments of ¥8.2B.
Key information
32.8%
Debt to equity ratio
JP¥16.41b
Debt
| Interest coverage ratio | -46.7x |
| Cash | JP¥8.22b |
| Equity | JP¥50.03b |
| Total liabilities | JP¥51.59b |
| Total assets | JP¥101.62b |
Financial Position Analysis
Short Term Liabilities: 9960's short term assets (¥57.8B) exceed its short term liabilities (¥42.4B).
Long Term Liabilities: 9960's short term assets (¥57.8B) exceed its long term liabilities (¥9.2B).
Debt to Equity History and Analysis
Debt Level: 9960's net debt to equity ratio (16.4%) is considered satisfactory.
Reducing Debt: 9960's debt to equity ratio has reduced from 92.2% to 32.8% over the past 5 years.
Debt Coverage: 9960's debt is well covered by operating cash flow (37.6%).
Interest Coverage: 9960 earns more interest than it pays, so coverage of interest payments is not a concern.