Taiyo KagakuLtd Balance Sheet Health
Financial Health criteria checks 5/6
Taiyo KagakuLtd has a total shareholder equity of ¥48.5B and total debt of ¥1.1B, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are ¥61.5B and ¥13.0B respectively. Taiyo KagakuLtd's EBIT is ¥4.5B making its interest coverage ratio -35.5. It has cash and short-term investments of ¥5.6B.
Key information
2.3%
Debt to equity ratio
JP¥1.12b
Debt
Interest coverage ratio | -35.5x |
Cash | JP¥5.63b |
Equity | JP¥48.47b |
Total liabilities | JP¥13.02b |
Total assets | JP¥61.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2902's short term assets (¥30.2B) exceed its short term liabilities (¥11.3B).
Long Term Liabilities: 2902's short term assets (¥30.2B) exceed its long term liabilities (¥1.8B).
Debt to Equity History and Analysis
Debt Level: 2902 has more cash than its total debt.
Reducing Debt: 2902's debt to equity ratio has increased from 0% to 2.3% over the past 5 years.
Debt Coverage: 2902's debt is well covered by operating cash flow (303.5%).
Interest Coverage: 2902 earns more interest than it pays, so coverage of interest payments is not a concern.