Tosei Balance Sheet Health
Financial Health criteria checks 3/6
Tosei has a total shareholder equity of ¥90.8B and total debt of ¥152.7B, which brings its debt-to-equity ratio to 168.2%. Its total assets and total liabilities are ¥260.0B and ¥169.3B respectively. Tosei's EBIT is ¥18.8B making its interest coverage ratio 16.6. It has cash and short-term investments of ¥37.6B.
Key information
168.2%
Debt to equity ratio
JP¥152.66b
Debt
| Interest coverage ratio | 16.6x |
| Cash | JP¥37.60b |
| Equity | JP¥90.77b |
| Total liabilities | JP¥169.27b |
| Total assets | JP¥260.04b |
Recent financial health updates
Recent updates
Tosei (TSE:8923) Will Pay A Larger Dividend Than Last Year At ¥77.00
Nov 25
Tosei (TSE:8923) Is Increasing Its Dividend To ¥77.00
Oct 21Tosei Corporation Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Oct 09Tosei (TSE:8923) Ticks All The Boxes When It Comes To Earnings Growth
Oct 07Tosei (TSE:8923) Is Increasing Its Dividend To ¥73.00
Oct 07Insufficient Growth At Tosei Corporation (TSE:8923) Hampers Share Price
Aug 16Tosei (TSE:8923) Has Announced That It Will Be Increasing Its Dividend To ¥73.00
Jul 26Tosei (TSE:8923) Is Increasing Its Dividend To ¥73.00
Jul 12Tosei (TSE:8923) Takes On Some Risk With Its Use Of Debt
Mar 19Financial Position Analysis
Short Term Liabilities: 8923's short term assets (¥176.6B) exceed its short term liabilities (¥30.3B).
Long Term Liabilities: 8923's short term assets (¥176.6B) exceed its long term liabilities (¥139.0B).
Debt to Equity History and Analysis
Debt Level: 8923's net debt to equity ratio (126.8%) is considered high.
Reducing Debt: 8923's debt to equity ratio has increased from 152.9% to 168.2% over the past 5 years.
Debt Coverage: 8923's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8923's interest payments on its debt are well covered by EBIT (16.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 04:16 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/08/31 |
| Annual Earnings | 2023/11/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tosei Corporation is covered by 10 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Takehiro Tsuda | Citigroup Global Markets Japan Inc. |
| Takehiro Tsuda | Citigroup Inc |
| Jiro Kojima | Daiwa Securities Co. Ltd. |