Toho Acetylene Balance Sheet Health
Financial Health criteria checks 6/6
Toho Acetylene has a total shareholder equity of ¥19.0B and total debt of ¥3.5B, which brings its debt-to-equity ratio to 18.6%. Its total assets and total liabilities are ¥32.5B and ¥13.5B respectively. Toho Acetylene's EBIT is ¥1.9B making its interest coverage ratio 958.5. It has cash and short-term investments of ¥7.9B.
Key information
18.6%
Debt to equity ratio
JP¥3.53b
Debt
Interest coverage ratio | 958.5x |
Cash | JP¥7.89b |
Equity | JP¥18.95b |
Total liabilities | JP¥13.54b |
Total assets | JP¥32.49b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4093's short term assets (¥19.2B) exceed its short term liabilities (¥11.3B).
Long Term Liabilities: 4093's short term assets (¥19.2B) 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 26.8% to 18.6% over the past 5 years.
Debt Coverage: 4093's debt is well covered by operating cash flow (50.4%).
Interest Coverage: 4093's interest payments on its debt are well covered by EBIT (958.5x coverage).