TOWA Balance Sheet Health
Financial Health criteria checks 6/6
TOWA has a total shareholder equity of ¥59.0B and total debt of ¥12.2B, which brings its debt-to-equity ratio to 20.7%. Its total assets and total liabilities are ¥84.9B and ¥25.9B respectively. TOWA's EBIT is ¥11.5B making its interest coverage ratio -31.8. It has cash and short-term investments of ¥21.2B.
Key information
20.7%
Debt to equity ratio
JP¥12.19b
Debt
| Interest coverage ratio | -31.8x |
| Cash | JP¥21.18b |
| Equity | JP¥58.95b |
| Total liabilities | JP¥25.93b |
| Total assets | JP¥84.88b |
Recent financial health updates
Is TOWA (TSE:6315) A Risky Investment?
Sep 27
Does TOWA (TSE:6315) Have A Healthy Balance Sheet?
Apr 17Recent updates
Not Many Are Piling Into TOWA Corporation (TSE:6315) Stock Yet As It Plummets 26%
Nov 14TOWA's (TSE:6315) Dividend Will Be ¥20.00
Nov 10Is TOWA (TSE:6315) A Risky Investment?
Sep 27Returns Are Gaining Momentum At TOWA (TSE:6315)
Aug 27With A 27% Price Drop For TOWA Corporation (TSE:6315) You'll Still Get What You Pay For
Jul 26Is It Too Late To Consider Buying TOWA Corporation (TSE:6315)?
May 29Market Participants Recognise TOWA Corporation's (TSE:6315) Earnings Pushing Shares 29% Higher
May 13Estimating The Intrinsic Value Of TOWA Corporation (TSE:6315)
May 03Does TOWA (TSE:6315) Have A Healthy Balance Sheet?
Apr 17Earnings Tell The Story For TOWA Corporation (TSE:6315) As Its Stock Soars 35%
Mar 01Is It Too Late To Consider Buying TOWA Corporation (TSE:6315)?
Feb 29Financial Position Analysis
Short Term Liabilities: 6315's short term assets (¥51.5B) exceed its short term liabilities (¥21.2B).
Long Term Liabilities: 6315's short term assets (¥51.5B) exceed its long term liabilities (¥4.8B).
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 39.1% to 20.7% over the past 5 years.
Debt Coverage: 6315's debt is well covered by operating cash flow (91.4%).
Interest Coverage: 6315 earns more interest than it pays, so coverage of interest payments is not a concern.