Torigoe Balance Sheet Health
Financial Health criteria checks 6/6
Torigoe has a total shareholder equity of ¥35.6B and total debt of ¥2.2B, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are ¥44.6B and ¥9.0B respectively. Torigoe's EBIT is ¥1.0B making its interest coverage ratio -4.9. It has cash and short-term investments of ¥11.2B.
Key information
6.3%
Debt to equity ratio
JP¥2.23b
Debt
Interest coverage ratio | -4.9x |
Cash | JP¥11.20b |
Equity | JP¥35.59b |
Total liabilities | JP¥9.00b |
Total assets | JP¥44.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2009's short term assets (¥22.0B) exceed its short term liabilities (¥5.4B).
Long Term Liabilities: 2009's short term assets (¥22.0B) exceed its long term liabilities (¥3.6B).
Debt to Equity History and Analysis
Debt Level: 2009 has more cash than its total debt.
Reducing Debt: 2009's debt to equity ratio has reduced from 10.7% to 6.3% over the past 5 years.
Debt Coverage: 2009's debt is well covered by operating cash flow (75.5%).
Interest Coverage: 2009 earns more interest than it pays, so coverage of interest payments is not a concern.