Toray Industries Balance Sheet Health
Financial Health criteria checks 6/6
Toray Industries has a total shareholder equity of ¥1,838.3B and total debt of ¥844.9B, which brings its debt-to-equity ratio to 46%. Its total assets and total liabilities are ¥3,365.9B and ¥1,527.6B respectively. Toray Industries's EBIT is ¥135.9B making its interest coverage ratio 18. It has cash and short-term investments of ¥220.7B.
Key information
46.0%
Debt to equity ratio
JP¥844.86b
Debt
| Interest coverage ratio | 18x |
| Cash | JP¥220.70b |
| Equity | JP¥1.84t |
| Total liabilities | JP¥1.53t |
| Total assets | JP¥3.37t |
Recent financial health updates
No updates
Recent updates
Toray Industries (TSE:3402) Is Due To Pay A Dividend Of ¥9.00
Dec 03
Toray Industries' (TSE:3402) Solid Earnings Are Supported By Other Strong Factors
Nov 18Toray Industries, Inc. Just Beat EPS By 20%: Here's What Analysts Think Will Happen Next
Nov 11Calculating The Intrinsic Value Of Toray Industries, Inc. (TSE:3402)
Nov 09Toray Industries' (TSE:3402) Dividend Will Be ¥9.00
Sep 24Toray Industries (TSE:3402) Has Affirmed Its Dividend Of ¥9.00
Sep 05Toray Industries (TSE:3402) Is Paying Out A Dividend Of ¥9.00
Aug 22Toray Industries (TSE:3402) Has Announced A Dividend Of ¥9.00
Aug 08Toray Industries (TSE:3402) Has Affirmed Its Dividend Of ¥9.00
Jul 25Toray Industries (TSE:3402) Is Paying Out A Dividend Of ¥9.00
Jul 11Toray Industries, Inc.'s (TSE:3402) P/E Is On The Mark
Jun 14Calculating The Intrinsic Value Of Toray Industries, Inc. (TSE:3402)
May 05Toray Industries (TSE:3402) Could Be Struggling To Allocate Capital
Apr 14Financial Position Analysis
Short Term Liabilities: 3402's short term assets (¥1,559.8B) exceed its short term liabilities (¥843.4B).
Long Term Liabilities: 3402's short term assets (¥1,559.8B) exceed its long term liabilities (¥684.2B).
Debt to Equity History and Analysis
Debt Level: 3402's net debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: 3402's debt to equity ratio has reduced from 77% to 46% over the past 5 years.
Debt Coverage: 3402's debt is well covered by operating cash flow (27.9%).
Interest Coverage: 3402's interest payments on its debt are well covered by EBIT (18x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/18 01:12 |
| End of Day Share Price | 2024/12/18 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Toray Industries, Inc. is covered by 29 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Toshiro Yoshinaga | Aizawa Securities Co. Ltd. |
| Mikiya Yamada | Barclays |
| Takashi Enomoto | BofA Global Research |