TOKAI Balance Sheet Health
Financial Health criteria checks 6/6
TOKAI has a total shareholder equity of ¥86.8B and total debt of ¥1.6B, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are ¥114.9B and ¥28.1B respectively. TOKAI's EBIT is ¥8.1B making its interest coverage ratio -31.6. It has cash and short-term investments of ¥31.7B.
Key information
1.8%
Debt to equity ratio
JP¥1.58b
Debt
Interest coverage ratio | -31.6x |
Cash | JP¥31.68b |
Equity | JP¥86.79b |
Total liabilities | JP¥28.14b |
Total assets | JP¥114.93b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9729's short term assets (¥59.6B) exceed its short term liabilities (¥22.8B).
Long Term Liabilities: 9729's short term assets (¥59.6B) exceed its long term liabilities (¥5.3B).
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 4.6% to 1.8% over the past 5 years.
Debt Coverage: 9729's debt is well covered by operating cash flow (508.9%).
Interest Coverage: 9729 earns more interest than it pays, so coverage of interest payments is not a concern.