TOWA Balance Sheet Health
Financial Health criteria checks 6/6
TOWA has a total shareholder equity of ¥51.9B and total debt of ¥13.8B, which brings its debt-to-equity ratio to 26.6%. Its total assets and total liabilities are ¥77.7B and ¥25.8B respectively. TOWA's EBIT is ¥6.6B making its interest coverage ratio -21.6. It has cash and short-term investments of ¥18.7B.
Key information
26.6%
Debt to equity ratio
JP¥13.83b
Debt
Interest coverage ratio | -21.6x |
Cash | JP¥18.69b |
Equity | JP¥51.90b |
Total liabilities | JP¥25.85b |
Total assets | JP¥77.74b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6315's short term assets (¥47.5B) exceed its short term liabilities (¥20.2B).
Long Term Liabilities: 6315's short term assets (¥47.5B) exceed its long term liabilities (¥5.6B).
Debt to Equity History and Analysis
Debt Level: 6315 has more cash than its total debt.
Reducing Debt: 6315's debt to equity ratio has reduced from 35.3% to 26.6% over the past 5 years.
Debt Coverage: 6315's debt is well covered by operating cash flow (69.6%).
Interest Coverage: 6315 earns more interest than it pays, so coverage of interest payments is not a concern.