Tomoegawa Balance Sheet Health
Financial Health criteria checks 4/6
Tomoegawa has a total shareholder equity of ¥19.4B and total debt of ¥12.4B, which brings its debt-to-equity ratio to 63.7%. Its total assets and total liabilities are ¥44.8B and ¥25.5B respectively. Tomoegawa's EBIT is ¥1.5B making its interest coverage ratio 11.7. It has cash and short-term investments of ¥3.9B.
Key information
63.7%
Debt to equity ratio
JP¥12.35b
Debt
| Interest coverage ratio | 11.7x |
| Cash | JP¥3.91b |
| Equity | JP¥19.39b |
| Total liabilities | JP¥25.45b |
| Total assets | JP¥44.84b |
Recent financial health updates
Tomoegawa (TSE:3878) Takes On Some Risk With Its Use Of Debt
Jun 25
These 4 Measures Indicate That Tomoegawa (TSE:3878) Is Using Debt Extensively
Feb 26Recent updates
The Strong Earnings Posted By Tomoegawa (TSE:3878) Are A Good Indication Of The Strength Of The Business
Nov 21Tomoegawa Corporation's (TSE:3878) 30% Share Price Plunge Could Signal Some Risk
Aug 04Tomoegawa (TSE:3878) Is Doing The Right Things To Multiply Its Share Price
Aug 02Tomoegawa (TSE:3878) Takes On Some Risk With Its Use Of Debt
Jun 25Tomoegawa's (TSE:3878) Soft Earnings Don't Show The Whole Picture
May 22These 4 Measures Indicate That Tomoegawa (TSE:3878) Is Using Debt Extensively
Feb 26Financial Position Analysis
Short Term Liabilities: 3878's short term assets (¥21.6B) exceed its short term liabilities (¥18.0B).
Long Term Liabilities: 3878's short term assets (¥21.6B) exceed its long term liabilities (¥7.4B).
Debt to Equity History and Analysis
Debt Level: 3878's net debt to equity ratio (43.5%) is considered high.
Reducing Debt: 3878's debt to equity ratio has reduced from 137.5% to 63.7% over the past 5 years.
Debt Coverage: 3878's debt is not well covered by operating cash flow (19.3%).
Interest Coverage: 3878's interest payments on its debt are well covered by EBIT (11.7x coverage).