TDK Balance Sheet Health
Financial Health criteria checks 6/6
TDK has a total shareholder equity of ¥1,617.5B and total debt of ¥661.1B, which brings its debt-to-equity ratio to 40.9%. Its total assets and total liabilities are ¥3,314.4B and ¥1,697.0B respectively. TDK's EBIT is ¥135.8B making its interest coverage ratio 69.6. It has cash and short-term investments of ¥626.5B.
Key information
40.9%
Debt to equity ratio
JP¥661.07b
Debt
Interest coverage ratio | 69.6x |
Cash | JP¥626.46b |
Equity | JP¥1.62t |
Total liabilities | JP¥1.70t |
Total assets | JP¥3.31t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6762's short term assets (¥1,708.0B) exceed its short term liabilities (¥1,021.8B).
Long Term Liabilities: 6762's short term assets (¥1,708.0B) exceed its long term liabilities (¥675.1B).
Debt to Equity History and Analysis
Debt Level: 6762's net debt to equity ratio (2.1%) is considered satisfactory.
Reducing Debt: 6762's debt to equity ratio has reduced from 61.2% to 40.9% over the past 5 years.
Debt Coverage: 6762's debt is well covered by operating cash flow (62.3%).
Interest Coverage: 6762's interest payments on its debt are well covered by EBIT (69.6x coverage).