Taoka Chemical Company Balance Sheet Health
Financial Health criteria checks 5/6
Taoka Chemical Company has a total shareholder equity of ¥17.2B and total debt of ¥2.2B, which brings its debt-to-equity ratio to 12.8%. Its total assets and total liabilities are ¥29.7B and ¥12.5B respectively. Taoka Chemical Company's EBIT is ¥1.1B making its interest coverage ratio -107.5. It has cash and short-term investments of ¥972.0M.
Key information
12.8%
Debt to equity ratio
JP¥2.21b
Debt
Interest coverage ratio | -107.5x |
Cash | JP¥972.00m |
Equity | JP¥17.21b |
Total liabilities | JP¥12.51b |
Total assets | JP¥29.72b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4113's short term assets (¥15.2B) exceed its short term liabilities (¥8.3B).
Long Term Liabilities: 4113's short term assets (¥15.2B) exceed its long term liabilities (¥4.2B).
Debt to Equity History and Analysis
Debt Level: 4113's net debt to equity ratio (7.2%) is considered satisfactory.
Reducing Debt: 4113's debt to equity ratio has increased from 10.5% to 12.8% over the past 5 years.
Debt Coverage: 4113's debt is well covered by operating cash flow (164.2%).
Interest Coverage: 4113 earns more interest than it pays, so coverage of interest payments is not a concern.