Toyo Drilube Balance Sheet Health
Financial Health criteria checks 6/6
Toyo Drilube has a total shareholder equity of ¥9.4B and total debt of ¥792.0M, which brings its debt-to-equity ratio to 8.4%. Its total assets and total liabilities are ¥11.8B and ¥2.3B respectively. Toyo Drilube's EBIT is ¥598.0M making its interest coverage ratio -85.4. It has cash and short-term investments of ¥4.6B.
Key information
8.4%
Debt to equity ratio
JP¥792.00m
Debt
Interest coverage ratio | -85.4x |
Cash | JP¥4.59b |
Equity | JP¥9.41b |
Total liabilities | JP¥2.34b |
Total assets | JP¥11.76b |
Recent financial health updates
Does Toyo Drilube (TSE:4976) Have A Healthy Balance Sheet?
Aug 07These 4 Measures Indicate That Toyo Drilube (TYO:4976) Is Using Debt Safely
Feb 15Recent updates
Does Toyo Drilube (TSE:4976) Have A Healthy Balance Sheet?
Aug 07Investors Still Aren't Entirely Convinced By Toyo Drilube Co., Ltd.'s (TSE:4976) Earnings Despite 28% Price Jump
Apr 10Return 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 20Toyo 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 (¥6.4B) exceed its short term liabilities (¥1.6B).
Long Term Liabilities: 4976's short term assets (¥6.4B) exceed its long term liabilities (¥728.0M).
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 10.5% to 8.4% over the past 5 years.
Debt Coverage: 4976's debt is well covered by operating cash flow (108.7%).
Interest Coverage: 4976 earns more interest than it pays, so coverage of interest payments is not a concern.