Toray Industries Balance Sheet Health
Financial Health criteria checks 6/6
Toray Industries has a total shareholder equity of ¥1,762.8B and total debt of ¥960.0B, which brings its debt-to-equity ratio to 54.5%. Its total assets and total liabilities are ¥3,388.4B and ¥1,625.6B respectively. Toray Industries's EBIT is ¥65.3B making its interest coverage ratio 14.1. It has cash and short-term investments of ¥268.7B.
Key information
54.5%
Debt to equity ratio
JP¥959.99b
Debt
Interest coverage ratio | 14.1x |
Cash | JP¥268.70b |
Equity | JP¥1.76t |
Total liabilities | JP¥1.63t |
Total assets | JP¥3.39t |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3402's short term assets (¥1,533.4B) exceed its short term liabilities (¥889.6B).
Long Term Liabilities: 3402's short term assets (¥1,533.4B) exceed its long term liabilities (¥736.0B).
Debt to Equity History and Analysis
Debt Level: 3402's net debt to equity ratio (39.2%) is considered satisfactory.
Reducing Debt: 3402's debt to equity ratio has reduced from 79.7% to 54.5% over the past 5 years.
Debt Coverage: 3402's debt is well covered by operating cash flow (24%).
Interest Coverage: 3402's interest payments on its debt are well covered by EBIT (14.1x coverage).