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 ¥7.4B, which brings its debt-to-equity ratio to 67.5%. Its total assets and total liabilities are ¥28.0B and ¥17.0B respectively. Tensho Electric Industries's EBIT is ¥1.1B making its interest coverage ratio -28.7. It has cash and short-term investments of ¥5.2B.
Key information
67.5%
Debt to equity ratio
JP¥7.38b
Debt
| Interest coverage ratio | -28.7x |
| Cash | JP¥5.19b |
| Equity | JP¥10.93b |
| Total liabilities | JP¥17.02b |
| Total assets | JP¥27.95b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6776's short term assets (¥12.8B) exceed its short term liabilities (¥10.2B).
Long Term Liabilities: 6776's short term assets (¥12.8B) exceed its long term liabilities (¥6.9B).
Debt to Equity History and Analysis
Debt Level: 6776's net debt to equity ratio (20%) is considered satisfactory.
Reducing Debt: 6776's debt to equity ratio has increased from 49.3% to 67.5% over the past 5 years.
Debt Coverage: 6776's debt is well covered by operating cash flow (35.7%).
Interest Coverage: 6776 earns more interest than it pays, so coverage of interest payments is not a concern.