Tone Balance Sheet Health
Financial Health criteria checks 5/6
Tone has a total shareholder equity of ¥10.3B and total debt of ¥675.0M, which brings its debt-to-equity ratio to 6.5%. Its total assets and total liabilities are ¥12.5B and ¥2.2B respectively. Tone's EBIT is ¥916.0M making its interest coverage ratio -13.9. It has cash and short-term investments of ¥875.0M.
Key information
6.5%
Debt to equity ratio
JP¥675.00m
Debt
Interest coverage ratio | -13.9x |
Cash | JP¥875.00m |
Equity | JP¥10.34b |
Total liabilities | JP¥2.20b |
Total assets | JP¥12.54b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5967's short term assets (¥6.7B) exceed its short term liabilities (¥1.7B).
Long Term Liabilities: 5967's short term assets (¥6.7B) exceed its long term liabilities (¥515.0M).
Debt to Equity History and Analysis
Debt Level: 5967 has more cash than its total debt.
Reducing Debt: 5967's debt to equity ratio has reduced from 7.7% to 6.5% over the past 5 years.
Debt Coverage: 5967's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 5967 earns more interest than it pays, so coverage of interest payments is not a concern.