TamronLtd Balance Sheet Health
Financial Health criteria checks 6/6
TamronLtd has a total shareholder equity of ¥71.2B and total debt of ¥1.9B, which brings its debt-to-equity ratio to 2.7%. Its total assets and total liabilities are ¥86.3B and ¥15.1B respectively. TamronLtd's EBIT is ¥15.5B making its interest coverage ratio -136.2. It has cash and short-term investments of ¥28.3B.
Key information
2.7%
Debt to equity ratio
JP¥1.89b
Debt
Interest coverage ratio | -136.2x |
Cash | JP¥28.32b |
Equity | JP¥71.17b |
Total liabilities | JP¥15.09b |
Total assets | JP¥86.26b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7740's short term assets (¥61.0B) exceed its short term liabilities (¥12.5B).
Long Term Liabilities: 7740's short term assets (¥61.0B) exceed its long term liabilities (¥2.6B).
Debt to Equity History and Analysis
Debt Level: 7740 has more cash than its total debt.
Reducing Debt: 7740's debt to equity ratio has reduced from 5.7% to 2.7% over the past 5 years.
Debt Coverage: 7740's debt is well covered by operating cash flow (530.5%).
Interest Coverage: 7740 earns more interest than it pays, so coverage of interest payments is not a concern.