Tensho Electric Industries Balance Sheet Health
Financial Health criteria checks 5/6
Tensho Electric Industries has a total shareholder equity of ¥10.9B and total debt of ¥8.0B, which brings its debt-to-equity ratio to 73.4%. Its total assets and total liabilities are ¥28.8B and ¥17.9B respectively. Tensho Electric Industries's EBIT is ¥930.0M making its interest coverage ratio -77.5. It has cash and short-term investments of ¥5.2B.
Key information
73.4%
Debt to equity ratio
JP¥8.00b
Debt
Interest coverage ratio | -77.5x |
Cash | JP¥5.21b |
Equity | JP¥10.89b |
Total liabilities | JP¥17.86b |
Total assets | JP¥28.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6776's short term assets (¥13.5B) exceed its short term liabilities (¥10.3B).
Long Term Liabilities: 6776's short term assets (¥13.5B) exceed its long term liabilities (¥7.6B).
Debt to Equity History and Analysis
Debt Level: 6776's net debt to equity ratio (25.6%) is considered satisfactory.
Reducing Debt: 6776's debt to equity ratio has increased from 52.6% to 73.4% over the past 5 years.
Debt Coverage: 6776's debt is well covered by operating cash flow (40.8%).
Interest Coverage: 6776 earns more interest than it pays, so coverage of interest payments is not a concern.