Tosho Balance Sheet Health
Financial Health criteria checks 6/6
Tosho has a total shareholder equity of ¥40.8B and total debt of ¥21.6B, which brings its debt-to-equity ratio to 52.9%. Its total assets and total liabilities are ¥72.6B and ¥31.8B respectively. Tosho's EBIT is ¥4.0B making its interest coverage ratio 29.7. It has cash and short-term investments of ¥15.8B.
Key information
52.9%
Debt to equity ratio
JP¥21.59b
Debt
| Interest coverage ratio | 29.7x |
| Cash | JP¥15.84b |
| Equity | JP¥40.77b |
| Total liabilities | JP¥31.84b |
| Total assets | JP¥72.61b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8920's short term assets (¥26.6B) exceed its short term liabilities (¥7.9B).
Long Term Liabilities: 8920's short term assets (¥26.6B) exceed its long term liabilities (¥24.0B).
Debt to Equity History and Analysis
Debt Level: 8920's net debt to equity ratio (14.1%) is considered satisfactory.
Reducing Debt: 8920's debt to equity ratio has reduced from 76.4% to 52.9% over the past 5 years.
Debt Coverage: 8920's debt is well covered by operating cash flow (50.5%).
Interest Coverage: 8920's interest payments on its debt are well covered by EBIT (29.7x coverage).