TOKAI Balance Sheet Health
Financial Health criteria checks 6/6
TOKAI has a total shareholder equity of ¥84.6B and total debt of ¥1.8B, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are ¥114.1B and ¥29.5B respectively. TOKAI's EBIT is ¥8.1B making its interest coverage ratio -48.1. It has cash and short-term investments of ¥30.5B.
Key information
2.1%
Debt to equity ratio
JP¥1.78b
Debt
Interest coverage ratio | -48.1x |
Cash | JP¥30.53b |
Equity | JP¥84.58b |
Total liabilities | JP¥29.47b |
Total assets | JP¥114.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9729's short term assets (¥60.0B) exceed its short term liabilities (¥24.3B).
Long Term Liabilities: 9729's short term assets (¥60.0B) exceed its long term liabilities (¥5.2B).
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 4.9% to 2.1% over the past 5 years.
Debt Coverage: 9729's debt is well covered by operating cash flow (574.4%).
Interest Coverage: 9729 earns more interest than it pays, so coverage of interest payments is not a concern.