Taiyo KagakuLtd Balance Sheet Health
Financial Health criteria checks 5/6
Taiyo KagakuLtd has a total shareholder equity of ¥50.1B and total debt of ¥320.0M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are ¥60.3B and ¥10.2B respectively. Taiyo KagakuLtd's EBIT is ¥5.0B making its interest coverage ratio -33.3. It has cash and short-term investments of ¥7.6B.
Key information
0.6%
Debt to equity ratio
JP¥320.00m
Debt
| Interest coverage ratio | -33.3x |
| Cash | JP¥7.60b |
| Equity | JP¥50.11b |
| Total liabilities | JP¥10.17b |
| Total assets | JP¥60.28b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2902's short term assets (¥29.9B) exceed its short term liabilities (¥9.1B).
Long Term Liabilities: 2902's short term assets (¥29.9B) exceed its long term liabilities (¥1.1B).
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 0.6% over the past 5 years.
Debt Coverage: 2902's debt is well covered by operating cash flow (2173.8%).
Interest Coverage: 2902 earns more interest than it pays, so coverage of interest payments is not a concern.