Techno HorizonLtd Balance Sheet Health
Financial Health criteria checks 3/6
Techno HorizonLtd has a total shareholder equity of ¥9.3B and total debt of ¥15.6B, which brings its debt-to-equity ratio to 167.2%. Its total assets and total liabilities are ¥36.0B and ¥26.7B respectively. Techno HorizonLtd's EBIT is ¥734.0M making its interest coverage ratio 9. It has cash and short-term investments of ¥3.4B.
Key information
167.2%
Debt to equity ratio
JP¥15.62b
Debt
Interest coverage ratio | 9x |
Cash | JP¥3.44b |
Equity | JP¥9.34b |
Total liabilities | JP¥26.66b |
Total assets | JP¥36.00b |
Recent financial health updates
Recent updates
Fewer Investors Than Expected Jumping On Techno Horizon Co.,Ltd. (TSE:6629)
Apr 26Techno HorizonLtd (TYO:6629) Shareholders Will Want The ROCE Trajectory To Continue
Apr 27Shareholders Are Loving Techno Horizon Co.,Ltd.'s (TYO:6629) 1.3% Yield
Mar 23Is It Too Late To Consider Buying Techno Horizon Co.,Ltd. (TYO:6629)?
Mar 09Techno HorizonLtd (TYO:6629) Seems To Use Debt Quite Sensibly
Feb 21What Is The Ownership Structure Like For Techno Horizon Co.,Ltd. (TYO:6629)?
Feb 08Can Techno Horizon Co.,Ltd. (TYO:6629) Maintain Its Strong Returns?
Jan 26Returns On Capital - An Important Metric For Techno HorizonLtd (TYO:6629)
Jan 12Investors Who Bought Techno HorizonLtd (TYO:6629) Shares Five Years Ago Are Now Up 225%
Dec 29What Makes Techno Horizon Co.,Ltd. (TYO:6629) A Great Dividend Stock?
Dec 14Is It Time To Consider Buying Techno Horizon Co.,Ltd. (TYO:6629)?
Nov 30Financial Position Analysis
Short Term Liabilities: 6629's short term assets (¥26.5B) exceed its short term liabilities (¥21.2B).
Long Term Liabilities: 6629's short term assets (¥26.5B) exceed its long term liabilities (¥5.5B).
Debt to Equity History and Analysis
Debt Level: 6629's net debt to equity ratio (130.4%) is considered high.
Reducing Debt: 6629's debt to equity ratio has increased from 156.7% to 167.2% over the past 5 years.
Debt Coverage: 6629's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6629's interest payments on its debt are well covered by EBIT (9x coverage).