Taoka Chemical Company Balance Sheet Health
Financial Health criteria checks 5/6
Taoka Chemical Company has a total shareholder equity of ¥17.7B and total debt of ¥1.8B, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are ¥29.9B and ¥12.1B respectively. Taoka Chemical Company's EBIT is ¥1.4B making its interest coverage ratio -116.6. It has cash and short-term investments of ¥1.2B.
Key information
10.1%
Debt to equity ratio
JP¥1.80b
Debt
| Interest coverage ratio | -116.6x |
| Cash | JP¥1.17b |
| Equity | JP¥17.75b |
| Total liabilities | JP¥12.13b |
| Total assets | JP¥29.88b |
Recent financial health updates
Recent updates
Is Taoka Chemical Company (TSE:4113) Using Too Much Debt?
Oct 30
Why Investors Shouldn't Be Surprised By Taoka Chemical Company, Limited's (TSE:4113) 27% Share Price Surge
Sep 03Taoka Chemical Company (TSE:4113) Has Announced A Dividend Of ¥9.00
Aug 21Taoka Chemical Company (TSE:4113) Will Pay A Dividend Of ¥9.00
Jul 25Taoka Chemical Company (TSE:4113) Has Affirmed Its Dividend Of ¥9.00
Jul 11Taoka Chemical Company (TSE:4113) Has Announced A Dividend Of ¥9.00
Mar 12Taoka Chemical Company (TSE:4113) Is Paying Out A Dividend Of ¥9.00
Feb 27Financial Position Analysis
Short Term Liabilities: 4113's short term assets (¥15.3B) exceed its short term liabilities (¥8.1B).
Long Term Liabilities: 4113's short term assets (¥15.3B) exceed its long term liabilities (¥4.0B).
Debt to Equity History and Analysis
Debt Level: 4113's net debt to equity ratio (3.5%) is considered satisfactory.
Reducing Debt: 4113's debt to equity ratio has increased from 8.5% to 10.1% over the past 5 years.
Debt Coverage: 4113's debt is well covered by operating cash flow (179.2%).
Interest Coverage: 4113 earns more interest than it pays, so coverage of interest payments is not a concern.