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 ratio11x
CashJP¥5.42b
EquityJP¥19.39b
Total liabilitiesJP¥26.32b
Total assetsJP¥45.71b

Recent financial health updates

Recent updates

Tomoegawa's (TSE:3878) Soft Earnings Don't Show The Whole Picture

May 22
Tomoegawa's (TSE:3878) Soft Earnings Don't Show The Whole Picture

These 4 Measures Indicate That Tomoegawa (TSE:3878) Is Using Debt Extensively

Feb 26
These 4 Measures Indicate That Tomoegawa (TSE:3878) Is Using Debt Extensively

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).


Balance Sheet


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