TOKAI Balance Sheet Health
Financial Health criteria checks 6/6
TOKAI has a total shareholder equity of ¥85.1B and total debt of ¥1.4B, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are ¥112.4B and ¥27.4B respectively. TOKAI's EBIT is ¥8.1B making its interest coverage ratio -27.3. It has cash and short-term investments of ¥26.9B.
Key information
1.7%
Debt to equity ratio
JP¥1.41b
Debt
| Interest coverage ratio | -27.3x |
| Cash | JP¥26.89b |
| Equity | JP¥85.05b |
| Total liabilities | JP¥27.35b |
| Total assets | JP¥112.41b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9729's short term assets (¥56.5B) exceed its short term liabilities (¥22.4B).
Long Term Liabilities: 9729's short term assets (¥56.5B) exceed its long term liabilities (¥4.9B).
Debt to Equity History and Analysis
Debt Level: 9729 has more cash than its total debt.
Reducing Debt: 9729's debt to equity ratio has reduced from 4.3% to 1.7% over the past 5 years.
Debt Coverage: 9729's debt is well covered by operating cash flow (542.4%).
Interest Coverage: 9729 earns more interest than it pays, so coverage of interest payments is not a concern.