Toray Industries Balance Sheet Health
Financial Health criteria checks 6/6
Toray Industries has a total shareholder equity of ¥1,846.4B and total debt of ¥910.4B, which brings its debt-to-equity ratio to 49.3%. Its total assets and total liabilities are ¥3,466.5B and ¥1,620.2B respectively. Toray Industries's EBIT is ¥100.8B making its interest coverage ratio 19.6. It has cash and short-term investments of ¥248.9B.
Key information
49.3%
Debt to equity ratio
JP¥910.40b
Debt
Interest coverage ratio | 19.6x |
Cash | JP¥248.86b |
Equity | JP¥1.85t |
Total liabilities | JP¥1.62t |
Total assets | JP¥3.47t |
Recent financial health updates
No updates
Recent updates
Toray 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 (¥1,522.6B) exceed its short term liabilities (¥865.7B).
Long Term Liabilities: 3402's short term assets (¥1,522.6B) exceed its long term liabilities (¥754.4B).
Debt to Equity History and Analysis
Debt Level: 3402's net debt to equity ratio (35.8%) is considered satisfactory.
Reducing Debt: 3402's debt to equity ratio has reduced from 80.1% to 49.3% over the past 5 years.
Debt Coverage: 3402's debt is well covered by operating cash flow (20.4%).
Interest Coverage: 3402's interest payments on its debt are well covered by EBIT (19.6x coverage).