Tomoegawa Balance Sheet Health
Financial Health criteria checks 6/6
Tomoegawa has a total shareholder equity of ¥19.4B and total debt of ¥12.3B, which brings its debt-to-equity ratio to 63.5%. Its total assets and total liabilities are ¥45.7B and ¥26.3B respectively. Tomoegawa's EBIT is ¥1.3B making its interest coverage ratio 11. It has cash and short-term investments of ¥5.4B.
Key information
63.5%
Debt to equity ratio
JP¥12.32b
Debt
| Interest coverage ratio | 11x |
| Cash | JP¥5.42b |
| Equity | JP¥19.39b |
| Total liabilities | JP¥26.32b |
| Total assets | JP¥45.71b |
Financial Position Analysis
Short Term Liabilities: 3878's short term assets (¥22.6B) exceed its short term liabilities (¥18.4B).
Long Term Liabilities: 3878's short term assets (¥22.6B) exceed its long term liabilities (¥7.9B).
Debt to Equity History and Analysis
Debt Level: 3878's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: 3878's debt to equity ratio has reduced from 106.8% to 63.5% over the past 5 years.
Debt Coverage: 3878's debt is well covered by operating cash flow (34%).
Interest Coverage: 3878's interest payments on its debt are well covered by EBIT (11x coverage).