Tokai LeaseLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tokai LeaseLtd has a total shareholder equity of ¥15.8B and total debt of ¥12.0B, which brings its debt-to-equity ratio to 76.1%. Its total assets and total liabilities are ¥32.5B and ¥16.7B respectively. Tokai LeaseLtd's EBIT is ¥822.0M making its interest coverage ratio 22.8. It has cash and short-term investments of ¥2.3B.
Key information
76.1%
Debt to equity ratio
JP¥12.03b
Debt
Interest coverage ratio | 22.8x |
Cash | JP¥2.29b |
Equity | JP¥15.81b |
Total liabilities | JP¥16.68b |
Total assets | JP¥32.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9761's short term assets (¥12.3B) exceed its short term liabilities (¥12.0B).
Long Term Liabilities: 9761's short term assets (¥12.3B) exceed its long term liabilities (¥4.7B).
Debt to Equity History and Analysis
Debt Level: 9761's net debt to equity ratio (61.7%) is considered high.
Reducing Debt: 9761's debt to equity ratio has increased from 63.7% to 76.1% over the past 5 years.
Debt Coverage: 9761's debt is not well covered by operating cash flow (17.7%).
Interest Coverage: 9761's interest payments on its debt are well covered by EBIT (22.8x coverage).