TOA Balance Sheet Health
Financial Health criteria checks 5/6
TOA has a total shareholder equity of ¥50.9B and total debt of ¥1.7B, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are ¥64.9B and ¥14.0B respectively. TOA's EBIT is ¥3.0B making its interest coverage ratio -16.1. It has cash and short-term investments of ¥17.1B.
Key information
3.3%
Debt to equity ratio
JP¥1.68b
Debt
| Interest coverage ratio | -16.1x |
| Cash | JP¥17.10b |
| Equity | JP¥50.88b |
| Total liabilities | JP¥13.99b |
| Total assets | JP¥64.87b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6809's short term assets (¥42.6B) exceed its short term liabilities (¥7.9B).
Long Term Liabilities: 6809's short term assets (¥42.6B) exceed its long term liabilities (¥6.1B).
Debt to Equity History and Analysis
Debt Level: 6809 has more cash than its total debt.
Reducing Debt: 6809's debt to equity ratio has increased from 2.9% to 3.3% over the past 5 years.
Debt Coverage: 6809's debt is well covered by operating cash flow (290.1%).
Interest Coverage: 6809 earns more interest than it pays, so coverage of interest payments is not a concern.