Taki Chemical Balance Sheet Health
Financial Health criteria checks 6/6
Taki Chemical has a total shareholder equity of ¥35.8B and total debt of ¥768.0M, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are ¥55.4B and ¥19.6B respectively. Taki Chemical's EBIT is ¥1.2B making its interest coverage ratio -3.1. It has cash and short-term investments of ¥4.5B.
Key information
2.1%
Debt to equity ratio
JP¥768.00m
Debt
Interest coverage ratio | -3.1x |
Cash | JP¥4.48b |
Equity | JP¥35.81b |
Total liabilities | JP¥19.55b |
Total assets | JP¥55.36b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4025's short term assets (¥24.5B) exceed its short term liabilities (¥9.9B).
Long Term Liabilities: 4025's short term assets (¥24.5B) exceed its long term liabilities (¥9.7B).
Debt to Equity History and Analysis
Debt Level: 4025 has more cash than its total debt.
Reducing Debt: 4025's debt to equity ratio has reduced from 4.7% to 2.1% over the past 5 years.
Debt Coverage: 4025's debt is well covered by operating cash flow (210.9%).
Interest Coverage: 4025 earns more interest than it pays, so coverage of interest payments is not a concern.