Tokushu Tokai Paper Balance Sheet Health
Financial Health criteria checks 5/6
Tokushu Tokai Paper has a total shareholder equity of ¥81.9B and total debt of ¥28.6B, which brings its debt-to-equity ratio to 34.9%. Its total assets and total liabilities are ¥131.7B and ¥49.8B respectively. Tokushu Tokai Paper's EBIT is ¥1.9B making its interest coverage ratio -23.8. It has cash and short-term investments of ¥11.0B.
Key information
34.9%
Debt to equity ratio
JP¥28.55b
Debt
Interest coverage ratio | -23.8x |
Cash | JP¥10.98b |
Equity | JP¥81.89b |
Total liabilities | JP¥49.84b |
Total assets | JP¥131.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3708's short term assets (¥54.7B) exceed its short term liabilities (¥33.3B).
Long Term Liabilities: 3708's short term assets (¥54.7B) exceed its long term liabilities (¥16.5B).
Debt to Equity History and Analysis
Debt Level: 3708's net debt to equity ratio (21.5%) is considered satisfactory.
Reducing Debt: 3708's debt to equity ratio has reduced from 41% to 34.9% over the past 5 years.
Debt Coverage: 3708's debt is not well covered by operating cash flow (14.2%).
Interest Coverage: 3708 earns more interest than it pays, so coverage of interest payments is not a concern.