Toho Chemical Industry Company Balance Sheet Health
Financial Health criteria checks 4/6
Toho Chemical Industry Company has a total shareholder equity of ¥18.8B and total debt of ¥28.9B, which brings its debt-to-equity ratio to 153.7%. Its total assets and total liabilities are ¥69.4B and ¥50.6B respectively. Toho Chemical Industry Company's EBIT is ¥1.0B making its interest coverage ratio 5.6. It has cash and short-term investments of ¥7.1B.
Key information
153.7%
Debt to equity ratio
JP¥28.91b
Debt
Interest coverage ratio | 5.6x |
Cash | JP¥7.11b |
Equity | JP¥18.81b |
Total liabilities | JP¥50.60b |
Total assets | JP¥69.41b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4409's short term assets (¥38.4B) exceed its short term liabilities (¥25.8B).
Long Term Liabilities: 4409's short term assets (¥38.4B) exceed its long term liabilities (¥24.8B).
Debt to Equity History and Analysis
Debt Level: 4409's net debt to equity ratio (115.9%) is considered high.
Reducing Debt: 4409's debt to equity ratio has reduced from 164.6% to 153.7% over the past 5 years.
Debt Coverage: 4409's debt is not well covered by operating cash flow (9%).
Interest Coverage: 4409's interest payments on its debt are well covered by EBIT (5.6x coverage).