Tokyo Ichiban Foods Balance Sheet Health
Financial Health criteria checks 4/6
Tokyo Ichiban Foods has a total shareholder equity of ¥1.9B and total debt of ¥1.7B, which brings its debt-to-equity ratio to 90.5%. Its total assets and total liabilities are ¥4.5B and ¥2.6B respectively. Tokyo Ichiban Foods's EBIT is ¥249.0M making its interest coverage ratio 17.8. It has cash and short-term investments of ¥1.2B.
Key information
90.5%
Debt to equity ratio
JP¥1.70b
Debt
| Interest coverage ratio | 17.8x |
| Cash | JP¥1.18b |
| Equity | JP¥1.88b |
| Total liabilities | JP¥2.62b |
| Total assets | JP¥4.50b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3067's short term assets (¥2.2B) exceed its short term liabilities (¥1.2B).
Long Term Liabilities: 3067's short term assets (¥2.2B) exceed its long term liabilities (¥1.4B).
Debt to Equity History and Analysis
Debt Level: 3067's net debt to equity ratio (27.9%) is considered satisfactory.
Reducing Debt: 3067's debt to equity ratio has increased from 33.1% to 90.5% over the past 5 years.
Debt Coverage: 3067's debt is not well covered by operating cash flow (8.6%).
Interest Coverage: 3067's interest payments on its debt are well covered by EBIT (17.8x coverage).