Toyo Electric Balance Sheet Health
Financial Health criteria checks 4/6
Toyo Electric has a total shareholder equity of ¥6.2B and total debt of ¥2.0B, which brings its debt-to-equity ratio to 31.8%. Its total assets and total liabilities are ¥10.7B and ¥4.5B respectively. Toyo Electric's EBIT is ¥228.0M making its interest coverage ratio -5.8. It has cash and short-term investments of ¥2.1B.
Key information
31.8%
Debt to equity ratio
JP¥1.96b
Debt
| Interest coverage ratio | -5.8x |
| Cash | JP¥2.11b |
| Equity | JP¥6.18b |
| Total liabilities | JP¥4.54b |
| Total assets | JP¥10.72b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6655's short term assets (¥7.4B) exceed its short term liabilities (¥3.3B).
Long Term Liabilities: 6655's short term assets (¥7.4B) exceed its long term liabilities (¥1.3B).
Debt to Equity History and Analysis
Debt Level: 6655 has more cash than its total debt.
Reducing Debt: 6655's debt to equity ratio has increased from 29.3% to 31.8% over the past 5 years.
Debt Coverage: 6655's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6655 earns more interest than it pays, so coverage of interest payments is not a concern.