TOA Balance Sheet Health
Financial Health criteria checks 5/6
TOA has a total shareholder equity of ¥49.2B and total debt of ¥1.8B, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are ¥64.7B and ¥15.5B respectively. TOA's EBIT is ¥3.0B making its interest coverage ratio -18.4. It has cash and short-term investments of ¥16.4B.
Key information
3.7%
Debt to equity ratio
JP¥1.84b
Debt
Interest coverage ratio | -18.4x |
Cash | JP¥16.35b |
Equity | JP¥49.24b |
Total liabilities | JP¥15.50b |
Total assets | JP¥64.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6809's short term assets (¥42.6B) exceed its short term liabilities (¥9.6B).
Long Term Liabilities: 6809's short term assets (¥42.6B) exceed its long term liabilities (¥5.9B).
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% to 3.7% over the past 5 years.
Debt Coverage: 6809's debt is well covered by operating cash flow (144.8%).
Interest Coverage: 6809 earns more interest than it pays, so coverage of interest payments is not a concern.