Toyo Drilube Balance Sheet Health
Financial Health criteria checks 6/6
Toyo Drilube has a total shareholder equity of ¥9.3B and total debt of ¥810.0M, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are ¥11.6B and ¥2.4B respectively. Toyo Drilube's EBIT is ¥488.0M making its interest coverage ratio -61. It has cash and short-term investments of ¥4.5B.
Key information
8.7%
Debt to equity ratio
JP¥810.00m
Debt
| Interest coverage ratio | -61x |
| Cash | JP¥4.46b |
| Equity | JP¥9.28b |
| Total liabilities | JP¥2.36b |
| Total assets | JP¥11.64b |
Recent financial health updates
Recent updates
Investors Still Aren't Entirely Convinced By Toyo Drilube Co., Ltd.'s (TSE:4976) Earnings Despite 28% Price Jump
Apr 10
Return Trends At Toyo Drilube (TSE:4976) Aren't Appealing
Mar 11What To Know Before Buying Toyo Drilube Co., Ltd. (TYO:4976) For Its Dividend
Apr 20How Has Toyo Drilube (TYO:4976) Allocated Its Capital?
Mar 14These 4 Measures Indicate That Toyo Drilube (TYO:4976) Is Using Debt Safely
Feb 15Is Toyo Drilube Co., Ltd.'s (TYO:4976) 1.7% Dividend Worth Your Time?
Jan 20
Toyo Drilube Co., Ltd. (TYO:4976) Is About To Go Ex-Dividend, And It Pays A 1.7% Yield
Dec 24How Well Is Toyo Drilube (TYO:4976) Allocating Its Capital?
Dec 14Financial Position Analysis
Short Term Liabilities: 4976's short term assets (¥6.3B) exceed its short term liabilities (¥1.6B).
Long Term Liabilities: 4976's short term assets (¥6.3B) exceed its long term liabilities (¥733.0M).
Debt to Equity History and Analysis
Debt Level: 4976 has more cash than its total debt.
Reducing Debt: 4976's debt to equity ratio has reduced from 10.9% to 8.7% over the past 5 years.
Debt Coverage: 4976's debt is well covered by operating cash flow (106.3%).
Interest Coverage: 4976 earns more interest than it pays, so coverage of interest payments is not a concern.