Tri Chemical Laboratories Balance Sheet Health
Financial Health criteria checks 6/6
Tri Chemical Laboratories has a total shareholder equity of ¥27.6B and total debt of ¥1.9B, which brings its debt-to-equity ratio to 6.9%. Its total assets and total liabilities are ¥31.9B and ¥4.3B respectively. Tri Chemical Laboratories's EBIT is ¥1.9B making its interest coverage ratio 88.5. It has cash and short-term investments of ¥10.5B.
Key information
6.9%
Debt to equity ratio
JP¥1.91b
Debt
Interest coverage ratio | 88.5x |
Cash | JP¥10.50b |
Equity | JP¥27.57b |
Total liabilities | JP¥4.30b |
Total assets | JP¥31.86b |
Recent financial health updates
Recent updates
Is Tri Chemical Laboratories (TSE:4369) A Risky Investment?
May 01The Returns On Capital At Tri Chemical Laboratories (TSE:4369) Don't Inspire Confidence
Apr 01Investors Appear Satisfied With Tri Chemical Laboratories Inc.'s (TSE:4369) Prospects As Shares Rocket 30%
Feb 29Estimating The Intrinsic Value Of Tri Chemical Laboratories Inc. (TSE:4369)
Feb 28Financial Position Analysis
Short Term Liabilities: 4369's short term assets (¥19.0B) exceed its short term liabilities (¥2.6B).
Long Term Liabilities: 4369's short term assets (¥19.0B) exceed its long term liabilities (¥1.7B).
Debt to Equity History and Analysis
Debt Level: 4369 has more cash than its total debt.
Reducing Debt: 4369's debt to equity ratio has reduced from 38% to 6.9% over the past 5 years.
Debt Coverage: 4369's debt is well covered by operating cash flow (155.4%).
Interest Coverage: 4369's interest payments on its debt are well covered by EBIT (88.5x coverage).