Tokyo Ichiban Foods Balance Sheet Health
Financial Health criteria checks 4/6
Tokyo Ichiban Foods has a total shareholder equity of ¥1.8B and total debt of ¥1.9B, which brings its debt-to-equity ratio to 107.6%. Its total assets and total liabilities are ¥4.8B and ¥3.1B respectively. Tokyo Ichiban Foods's EBIT is ¥216.0M making its interest coverage ratio 12.7. It has cash and short-term investments of ¥1.5B.
Key information
107.6%
Debt to equity ratio
JP¥1.89b
Debt
Interest coverage ratio | 12.7x |
Cash | JP¥1.46b |
Equity | JP¥1.76b |
Total liabilities | JP¥3.06b |
Total assets | JP¥4.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3067's short term assets (¥2.6B) exceed its short term liabilities (¥1.4B).
Long Term Liabilities: 3067's short term assets (¥2.6B) exceed its long term liabilities (¥1.6B).
Debt to Equity History and Analysis
Debt Level: 3067's net debt to equity ratio (24.8%) is considered satisfactory.
Reducing Debt: 3067's debt to equity ratio has increased from 14.5% to 107.6% over the past 5 years.
Debt Coverage: 3067's debt is not well covered by operating cash flow (1%).
Interest Coverage: 3067's interest payments on its debt are well covered by EBIT (12.7x coverage).