Toyo Logistics Balance Sheet Health
Financial Health criteria checks 4/6
Toyo Logistics has a total shareholder equity of ¥24.4B and total debt of ¥16.8B, which brings its debt-to-equity ratio to 69.2%. Its total assets and total liabilities are ¥47.9B and ¥23.6B respectively. Toyo Logistics's EBIT is ¥1.2B making its interest coverage ratio -8.2. It has cash and short-term investments of ¥7.5B.
Key information
69.2%
Debt to equity ratio
JP¥16.85b
Debt
Interest coverage ratio | -8.2x |
Cash | JP¥7.53b |
Equity | JP¥24.35b |
Total liabilities | JP¥23.56b |
Total assets | JP¥47.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9306's short term assets (¥14.1B) exceed its short term liabilities (¥8.3B).
Long Term Liabilities: 9306's short term assets (¥14.1B) do not cover its long term liabilities (¥15.3B).
Debt to Equity History and Analysis
Debt Level: 9306's net debt to equity ratio (38.3%) is considered satisfactory.
Reducing Debt: 9306's debt to equity ratio has reduced from 75.3% to 69.2% over the past 5 years.
Debt Coverage: 9306's debt is not well covered by operating cash flow (14.3%).
Interest Coverage: 9306 earns more interest than it pays, so coverage of interest payments is not a concern.