Tomen Devices Balance Sheet Health
Financial Health criteria checks 4/6
Tomen Devices has a total shareholder equity of ¥45.5B and total debt of ¥29.7B, which brings its debt-to-equity ratio to 65.2%. Its total assets and total liabilities are ¥130.2B and ¥84.7B respectively. Tomen Devices's EBIT is ¥9.5B making its interest coverage ratio 6.2. It has cash and short-term investments of ¥8.5B.
Key information
65.2%
Debt to equity ratio
JP¥29.66b
Debt
Interest coverage ratio | 6.2x |
Cash | JP¥8.51b |
Equity | JP¥45.51b |
Total liabilities | JP¥84.71b |
Total assets | JP¥130.21b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2737's short term assets (¥128.5B) exceed its short term liabilities (¥84.0B).
Long Term Liabilities: 2737's short term assets (¥128.5B) exceed its long term liabilities (¥700.0M).
Debt to Equity History and Analysis
Debt Level: 2737's net debt to equity ratio (46.5%) is considered high.
Reducing Debt: 2737's debt to equity ratio has increased from 20.1% to 65.2% over the past 5 years.
Debt Coverage: 2737's debt is well covered by operating cash flow (177.6%).
Interest Coverage: 2737's interest payments on its debt are well covered by EBIT (6.2x coverage).