Toho Acetylene Balance Sheet Health
Financial Health criteria checks 6/6
Toho Acetylene has a total shareholder equity of ¥19.8B and total debt of ¥3.4B, which brings its debt-to-equity ratio to 17%. Its total assets and total liabilities are ¥32.4B and ¥12.5B respectively. Toho Acetylene's EBIT is ¥2.3B making its interest coverage ratio 386.2. It has cash and short-term investments of ¥9.3B.
Key information
17.0%
Debt to equity ratio
JP¥3.37b
Debt
| Interest coverage ratio | 386.2x |
| Cash | JP¥9.29b |
| Equity | JP¥19.84b |
| Total liabilities | JP¥12.52b |
| Total assets | JP¥32.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4093's short term assets (¥18.8B) exceed its short term liabilities (¥10.2B).
Long Term Liabilities: 4093's short term assets (¥18.8B) exceed its long term liabilities (¥2.3B).
Debt to Equity History and Analysis
Debt Level: 4093 has more cash than its total debt.
Reducing Debt: 4093's debt to equity ratio has reduced from 25.2% to 17% over the past 5 years.
Debt Coverage: 4093's debt is well covered by operating cash flow (68.8%).
Interest Coverage: 4093's interest payments on its debt are well covered by EBIT (386.2x coverage).