Tosho Balance Sheet Health
Financial Health criteria checks 6/6
Tosho has a total shareholder equity of ¥42.0B and total debt of ¥26.0B, which brings its debt-to-equity ratio to 61.7%. Its total assets and total liabilities are ¥78.5B and ¥36.5B respectively. Tosho's EBIT is ¥4.9B making its interest coverage ratio 36.3. It has cash and short-term investments of ¥17.1B.
Key information
61.7%
Debt to equity ratio
JP¥25.95b
Debt
| Interest coverage ratio | 36.3x |
| Cash | JP¥17.13b |
| Equity | JP¥42.03b |
| Total liabilities | JP¥36.49b |
| Total assets | JP¥78.51b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8920's short term assets (¥27.5B) exceed its short term liabilities (¥14.7B).
Long Term Liabilities: 8920's short term assets (¥27.5B) exceed its long term liabilities (¥21.8B).
Debt to Equity History and Analysis
Debt Level: 8920's net debt to equity ratio (21%) is considered satisfactory.
Reducing Debt: 8920's debt to equity ratio has reduced from 72.7% to 61.7% over the past 5 years.
Debt Coverage: 8920's debt is well covered by operating cash flow (40.1%).
Interest Coverage: 8920's interest payments on its debt are well covered by EBIT (36.3x coverage).