Toyo Logistics Balance Sheet Health
Financial Health criteria checks 4/6
Toyo Logistics has a total shareholder equity of ¥25.6B and total debt of ¥15.7B, which brings its debt-to-equity ratio to 61.3%. Its total assets and total liabilities are ¥48.0B and ¥22.4B respectively. Toyo Logistics's EBIT is ¥1.1B making its interest coverage ratio -8.2. It has cash and short-term investments of ¥6.3B.
Key information
61.3%
Debt to equity ratio
JP¥15.71b
Debt
| Interest coverage ratio | -8.2x |
| Cash | JP¥6.34b |
| Equity | JP¥25.61b |
| Total liabilities | JP¥22.40b |
| Total assets | JP¥48.00b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9306's short term assets (¥12.6B) exceed its short term liabilities (¥7.4B).
Long Term Liabilities: 9306's short term assets (¥12.6B) do not cover its long term liabilities (¥15.0B).
Debt to Equity History and Analysis
Debt Level: 9306's net debt to equity ratio (36.6%) is considered satisfactory.
Reducing Debt: 9306's debt to equity ratio has reduced from 72.5% to 61.3% over the past 5 years.
Debt Coverage: 9306's debt is not well covered by operating cash flow (11.5%).
Interest Coverage: 9306 earns more interest than it pays, so coverage of interest payments is not a concern.