Tokyo Rope Mfg Balance Sheet Health
Financial Health criteria checks 4/6
Tokyo Rope Mfg has a total shareholder equity of ¥35.0B and total debt of ¥22.6B, which brings its debt-to-equity ratio to 64.6%. Its total assets and total liabilities are ¥85.9B and ¥50.9B respectively. Tokyo Rope Mfg's EBIT is ¥3.9B making its interest coverage ratio -32.2. It has cash and short-term investments of ¥5.4B.
Key information
64.6%
Debt to equity ratio
JP¥22.61b
Debt
| Interest coverage ratio | -32.2x |
| Cash | JP¥5.43b |
| Equity | JP¥35.01b |
| Total liabilities | JP¥50.93b |
| Total assets | JP¥85.94b |
Recent financial health updates
No updates
Recent updates
Not Many Are Piling Into Tokyo Rope Mfg. Co., Ltd. (TSE:5981) Stock Yet As It Plummets 28%
Aug 06
We Think You Can Look Beyond Tokyo Rope Mfg's (TSE:5981) Lackluster Earnings
May 21Tokyo Rope Mfg (TSE:5981) Is Paying Out A Larger Dividend Than Last Year
Mar 25Tokyo Rope Mfg (TSE:5981) Is Increasing Its Dividend To ¥40.00
Feb 27Financial Position Analysis
Short Term Liabilities: 5981's short term assets (¥39.6B) exceed its short term liabilities (¥31.3B).
Long Term Liabilities: 5981's short term assets (¥39.6B) exceed its long term liabilities (¥19.6B).
Debt to Equity History and Analysis
Debt Level: 5981's net debt to equity ratio (49.1%) is considered high.
Reducing Debt: 5981's debt to equity ratio has reduced from 119.7% to 64.6% over the past 5 years.
Debt Coverage: 5981's debt is not well covered by operating cash flow (15.2%).
Interest Coverage: 5981 earns more interest than it pays, so coverage of interest payments is not a concern.