Tokai Tokyo Financial Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Tokai Tokyo Financial Holdings has a total shareholder equity of ¥193.0B and total debt of ¥724.1B, which brings its debt-to-equity ratio to 375.2%. Its total assets and total liabilities are ¥1,491.0B and ¥1,298.0B respectively.
Key information
375.2%
Debt to equity ratio
JP¥724.14b
Debt
Interest coverage ratio | n/a |
Cash | JP¥716.72b |
Equity | JP¥193.03b |
Total liabilities | JP¥1.30t |
Total assets | JP¥1.49t |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8616's short term assets (¥1,400.9B) exceed its short term liabilities (¥1,127.9B).
Long Term Liabilities: 8616's short term assets (¥1,400.9B) exceed its long term liabilities (¥170.1B).
Debt to Equity History and Analysis
Debt Level: 8616's net debt to equity ratio (3.8%) is considered satisfactory.
Reducing Debt: 8616's debt to equity ratio has reduced from 390.5% to 375.2% over the past 5 years.
Debt Coverage: 8616's debt is not well covered by operating cash flow (1.8%).
Interest Coverage: Insufficient data to determine if 8616's interest payments on its debt are well covered by EBIT.