Toyo Electric Balance Sheet Health
Financial Health criteria checks 5/6
Toyo Electric has a total shareholder equity of ¥6.0B and total debt of ¥1.8B, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are ¥11.1B and ¥5.1B respectively. Toyo Electric's EBIT is ¥370.0M making its interest coverage ratio -10.9. It has cash and short-term investments of ¥2.5B.
Key information
29.4%
Debt to equity ratio
JP¥1.77b
Debt
Interest coverage ratio | -10.9x |
Cash | JP¥2.55b |
Equity | JP¥6.02b |
Total liabilities | JP¥5.10b |
Total assets | JP¥11.13b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6655's short term assets (¥8.0B) exceed its short term liabilities (¥3.7B).
Long Term Liabilities: 6655's short term assets (¥8.0B) exceed its long term liabilities (¥1.4B).
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 reduced from 37.3% to 29.4% 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.