Tosei Balance Sheet Health
Financial Health criteria checks 3/6
Tosei has a total shareholder equity of ¥85.7B and total debt of ¥143.4B, which brings its debt-to-equity ratio to 167.4%. Its total assets and total liabilities are ¥245.1B and ¥159.4B respectively. Tosei's EBIT is ¥19.1B making its interest coverage ratio 18.2. It has cash and short-term investments of ¥39.3B.
Key information
167.4%
Debt to equity ratio
JP¥143.44b
Debt
Interest coverage ratio | 18.2x |
Cash | JP¥39.34b |
Equity | JP¥85.71b |
Total liabilities | JP¥159.44b |
Total assets | JP¥245.15b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8923's short term assets (¥161.5B) exceed its short term liabilities (¥25.8B).
Long Term Liabilities: 8923's short term assets (¥161.5B) exceed its long term liabilities (¥133.7B).
Debt to Equity History and Analysis
Debt Level: 8923's net debt to equity ratio (121.5%) is considered high.
Reducing Debt: 8923's debt to equity ratio has increased from 154.1% to 167.4% over the past 5 years.
Debt Coverage: 8923's debt is not well covered by operating cash flow (5.9%).
Interest Coverage: 8923's interest payments on its debt are well covered by EBIT (18.2x coverage).