Tokai ElectronicsLtd Balance Sheet Health
Financial Health criteria checks 5/6
Tokai ElectronicsLtd has a total shareholder equity of ¥17.0B and total debt of ¥3.8B, which brings its debt-to-equity ratio to 22.3%. Its total assets and total liabilities are ¥30.8B and ¥13.8B respectively. Tokai ElectronicsLtd's EBIT is ¥1.6B making its interest coverage ratio -80.2. It has cash and short-term investments of ¥4.3B.
Key information
22.3%
Debt to equity ratio
JP¥3.80b
Debt
Interest coverage ratio | -80.2x |
Cash | JP¥4.27b |
Equity | JP¥17.02b |
Total liabilities | JP¥13.78b |
Total assets | JP¥30.80b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8071's short term assets (¥25.5B) exceed its short term liabilities (¥13.1B).
Long Term Liabilities: 8071's short term assets (¥25.5B) exceed its long term liabilities (¥724.0M).
Debt to Equity History and Analysis
Debt Level: 8071 has more cash than its total debt.
Reducing Debt: 8071's debt to equity ratio has increased from 0% to 22.3% over the past 5 years.
Debt Coverage: 8071's debt is well covered by operating cash flow (95.3%).
Interest Coverage: 8071 earns more interest than it pays, so coverage of interest payments is not a concern.