TOWA Balance Sheet Health
Financial Health criteria checks 6/6
TOWA has a total shareholder equity of ¥58.4B and total debt of ¥13.5B, which brings its debt-to-equity ratio to 23%. Its total assets and total liabilities are ¥87.9B and ¥29.4B respectively. TOWA's EBIT is ¥8.6B making its interest coverage ratio -24.2. It has cash and short-term investments of ¥20.8B.
Key information
23.0%
Debt to equity ratio
JP¥13.45b
Debt
Interest coverage ratio | -24.2x |
Cash | JP¥20.83b |
Equity | JP¥58.44b |
Total liabilities | JP¥29.43b |
Total assets | JP¥87.86b |
Recent financial health updates
Recent updates
Is 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 (¥53.7B) exceed its short term liabilities (¥23.2B).
Long Term Liabilities: 6315's short term assets (¥53.7B) exceed its long term liabilities (¥6.2B).
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 37.9% to 23% over the past 5 years.
Debt Coverage: 6315's debt is well covered by operating cash flow (71.9%).
Interest Coverage: 6315 earns more interest than it pays, so coverage of interest payments is not a concern.