Toray Industries Balance Sheet Health
Financial Health criteria checks 6/6
Toray Industries has a total shareholder equity of ¥1,945.6B and total debt of ¥929.6B, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are ¥3,596.0B and ¥1,650.4B respectively. Toray Industries's EBIT is ¥118.1B making its interest coverage ratio 22.2. It has cash and short-term investments of ¥248.0B.
Key information
47.8%
Debt to equity ratio
JP¥929.58b
Debt
| Interest coverage ratio | 22.2x |
| Cash | JP¥247.97b |
| Equity | JP¥1.95t |
| Total liabilities | JP¥1.65t |
| Total assets | JP¥3.60t |
Recent financial health updates
No updates
Recent updates
Toray Industries (TSE:3402) Is Paying Out A Dividend Of ¥9.00
Aug 22
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 (¥1,569.9B) exceed its short term liabilities (¥873.1B).
Long Term Liabilities: 3402's short term assets (¥1,569.9B) exceed its long term liabilities (¥777.4B).
Debt to Equity History and Analysis
Debt Level: 3402's net debt to equity ratio (35%) is considered satisfactory.
Reducing Debt: 3402's debt to equity ratio has reduced from 82.4% to 47.8% over the past 5 years.
Debt Coverage: 3402's debt is well covered by operating cash flow (21.3%).
Interest Coverage: 3402's interest payments on its debt are well covered by EBIT (22.2x coverage).