TACLtd Balance Sheet Health
Financial Health criteria checks 4/6
TACLtd has a total shareholder equity of ¥6.4B and total debt of ¥5.9B, which brings its debt-to-equity ratio to 92.4%. Its total assets and total liabilities are ¥21.2B and ¥14.8B respectively. TACLtd's EBIT is ¥263.0M making its interest coverage ratio 9.1. It has cash and short-term investments of ¥6.6B.
Key information
92.4%
Debt to equity ratio
JP¥5.90b
Debt
| Interest coverage ratio | 9.1x |
| Cash | JP¥6.59b |
| Equity | JP¥6.39b |
| Total liabilities | JP¥14.84b |
| Total assets | JP¥21.23b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4319's short term assets (¥12.2B) do not cover its short term liabilities (¥12.6B).
Long Term Liabilities: 4319's short term assets (¥12.2B) exceed its long term liabilities (¥2.2B).
Debt to Equity History and Analysis
Debt Level: 4319 has more cash than its total debt.
Reducing Debt: 4319's debt to equity ratio has reduced from 104.9% to 92.4% over the past 5 years.
Debt Coverage: 4319's debt is not well covered by operating cash flow (13.3%).
Interest Coverage: 4319's interest payments on its debt are well covered by EBIT (9.1x coverage).