Tokyo Electron Device Balance Sheet Health
Financial Health criteria checks 4/6
Tokyo Electron Device has a total shareholder equity of ¥43.0B and total debt of ¥55.9B, which brings its debt-to-equity ratio to 130.2%. Its total assets and total liabilities are ¥155.7B and ¥112.8B respectively. Tokyo Electron Device's EBIT is ¥14.7B making its interest coverage ratio -14680. It has cash and short-term investments of ¥10.4B.
Key information
130.2%
Debt to equity ratio
JP¥55.94b
Debt
Interest coverage ratio | -14680x |
Cash | JP¥10.35b |
Equity | JP¥42.95b |
Total liabilities | JP¥112.79b |
Total assets | JP¥155.74b |
Financial Position Analysis
Short Term Liabilities: 2760's short term assets (¥144.5B) exceed its short term liabilities (¥85.0B).
Long Term Liabilities: 2760's short term assets (¥144.5B) exceed its long term liabilities (¥27.8B).
Debt to Equity History and Analysis
Debt Level: 2760's net debt to equity ratio (106.1%) is considered high.
Reducing Debt: 2760's debt to equity ratio has increased from 110.8% to 130.2% over the past 5 years.
Debt Coverage: 2760's debt is well covered by operating cash flow (22.4%).
Interest Coverage: 2760 earns more interest than it pays, so coverage of interest payments is not a concern.