TokyotokeibaLtd Balance Sheet Health
Financial Health criteria checks 6/6
TokyotokeibaLtd has a total shareholder equity of ¥86.7B and total debt of ¥18.5B, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are ¥125.1B and ¥38.4B respectively. TokyotokeibaLtd's EBIT is ¥13.3B making its interest coverage ratio 1327.3. It has cash and short-term investments of ¥17.3B.
Key information
21.3%
Debt to equity ratio
JP¥18.49b
Debt
Interest coverage ratio | 1327.3x |
Cash | JP¥17.33b |
Equity | JP¥86.69b |
Total liabilities | JP¥38.40b |
Total assets | JP¥125.08b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9672's short term assets (¥22.9B) exceed its short term liabilities (¥17.6B).
Long Term Liabilities: 9672's short term assets (¥22.9B) exceed its long term liabilities (¥20.8B).
Debt to Equity History and Analysis
Debt Level: 9672's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: 9672's debt to equity ratio has reduced from 29.8% to 21.3% over the past 5 years.
Debt Coverage: 9672's debt is well covered by operating cash flow (69.3%).
Interest Coverage: 9672's interest payments on its debt are well covered by EBIT (1327.3x coverage).