Tohto Suisan Balance Sheet Health
Financial Health criteria checks 6/6
Tohto Suisan has a total shareholder equity of ¥27.3B and total debt of ¥4.6B, which brings its debt-to-equity ratio to 16.9%. Its total assets and total liabilities are ¥40.7B and ¥13.4B respectively. Tohto Suisan's EBIT is ¥3.2B making its interest coverage ratio -12.7. It has cash and short-term investments of ¥9.9B.
Key information
16.9%
Debt to equity ratio
JP¥4.62b
Debt
| Interest coverage ratio | -12.7x |
| Cash | JP¥9.86b |
| Equity | JP¥27.30b |
| Total liabilities | JP¥13.41b |
| Total assets | JP¥40.71b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8038's short term assets (¥24.0B) exceed its short term liabilities (¥8.0B).
Long Term Liabilities: 8038's short term assets (¥24.0B) exceed its long term liabilities (¥5.4B).
Debt to Equity History and Analysis
Debt Level: 8038 has more cash than its total debt.
Reducing Debt: 8038's debt to equity ratio has reduced from 40% to 16.9% over the past 5 years.
Debt Coverage: 8038's debt is well covered by operating cash flow (74.3%).
Interest Coverage: 8038 earns more interest than it pays, so coverage of interest payments is not a concern.