Toyo Kanetsu K.K Balance Sheet Health
Financial Health criteria checks 5/6
Toyo Kanetsu K.K has a total shareholder equity of ¥35.7B and total debt of ¥16.0B, which brings its debt-to-equity ratio to 44.9%. Its total assets and total liabilities are ¥65.0B and ¥29.3B respectively. Toyo Kanetsu K.K's EBIT is ¥2.4B making its interest coverage ratio -16.1. It has cash and short-term investments of ¥11.3B.
Key information
44.9%
Debt to equity ratio
JP¥16.02b
Debt
Interest coverage ratio | -16.1x |
Cash | JP¥11.34b |
Equity | JP¥35.69b |
Total liabilities | JP¥29.28b |
Total assets | JP¥64.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6369's short term assets (¥39.5B) exceed its short term liabilities (¥21.4B).
Long Term Liabilities: 6369's short term assets (¥39.5B) exceed its long term liabilities (¥7.9B).
Debt to Equity History and Analysis
Debt Level: 6369's net debt to equity ratio (13.1%) is considered satisfactory.
Reducing Debt: 6369's debt to equity ratio has increased from 32.5% to 44.9% over the past 5 years.
Debt Coverage: 6369's debt is well covered by operating cash flow (23.6%).
Interest Coverage: 6369 earns more interest than it pays, so coverage of interest payments is not a concern.