Tokai ElectronicsLtd Balance Sheet Health
Financial Health criteria checks 4/6
Tokai ElectronicsLtd has a total shareholder equity of ¥17.0B and total debt of ¥4.7B, which brings its debt-to-equity ratio to 27.6%. Its total assets and total liabilities are ¥30.7B and ¥13.7B respectively. Tokai ElectronicsLtd's EBIT is ¥1.0B making its interest coverage ratio -25.4. It has cash and short-term investments of ¥3.2B.
Key information
27.6%
Debt to equity ratio
JP¥4.70b
Debt
| Interest coverage ratio | -25.4x |
| Cash | JP¥3.23b |
| Equity | JP¥17.00b |
| Total liabilities | JP¥13.69b |
| Total assets | JP¥30.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8071's short term assets (¥25.2B) exceed its short term liabilities (¥12.9B).
Long Term Liabilities: 8071's short term assets (¥25.2B) exceed its long term liabilities (¥796.0M).
Debt to Equity History and Analysis
Debt Level: 8071's net debt to equity ratio (8.7%) is considered satisfactory.
Reducing Debt: 8071's debt to equity ratio has increased from 0% to 27.6% over the past 5 years.
Debt Coverage: 8071's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8071 earns more interest than it pays, so coverage of interest payments is not a concern.