Tokyo Electron Device Balance Sheet Health
Financial Health criteria checks 3/6
Tokyo Electron Device has a total shareholder equity of ¥47.9B and total debt of ¥52.2B, which brings its debt-to-equity ratio to 109%. Its total assets and total liabilities are ¥164.3B and ¥116.4B respectively. Tokyo Electron Device's EBIT is ¥14.6B making its interest coverage ratio 47.5. It has cash and short-term investments of ¥9.7B.
Key information
109.0%
Debt to equity ratio
JP¥52.16b
Debt
| Interest coverage ratio | 47.5x |
| Cash | JP¥9.65b |
| Equity | JP¥47.87b |
| Total liabilities | JP¥116.41b |
| Total assets | JP¥164.28b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2760's short term assets (¥152.0B) exceed its short term liabilities (¥82.9B).
Long Term Liabilities: 2760's short term assets (¥152.0B) exceed its long term liabilities (¥33.5B).
Debt to Equity History and Analysis
Debt Level: 2760's net debt to equity ratio (88.8%) is considered high.
Reducing Debt: 2760's debt to equity ratio has increased from 80% to 109% over the past 5 years.
Debt Coverage: 2760's debt is not well covered by operating cash flow (7.1%).
Interest Coverage: 2760's interest payments on its debt are well covered by EBIT (47.5x coverage).