Tokyo Cosmos Electric Balance Sheet Health
Financial Health criteria checks 6/6
Tokyo Cosmos Electric has a total shareholder equity of ¥7.0B and total debt of ¥1.9B, which brings its debt-to-equity ratio to 26.9%. Its total assets and total liabilities are ¥12.0B and ¥5.0B respectively. Tokyo Cosmos Electric's EBIT is ¥1.1B making its interest coverage ratio 111.2. It has cash and short-term investments of ¥3.4B.
Key information
26.9%
Debt to equity ratio
JP¥1.89b
Debt
| Interest coverage ratio | 111.2x |
| Cash | JP¥3.42b |
| Equity | JP¥7.04b |
| Total liabilities | JP¥5.00b |
| Total assets | JP¥12.04b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Tokyo Cosmos Electric (TSE:6772) Is Using Debt Safely
Aug 05
Lacklustre Performance Is Driving Tokyo Cosmos Electric Co., Ltd.'s (TSE:6772) 28% Price Drop
Aug 05Tokyo Cosmos Electric (TSE:6772) Is Paying Out A Larger Dividend Than Last Year
Mar 12Tokyo Cosmos Electric's (TSE:6772) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 27Financial Position Analysis
Short Term Liabilities: 6772's short term assets (¥7.9B) exceed its short term liabilities (¥2.8B).
Long Term Liabilities: 6772's short term assets (¥7.9B) exceed its long term liabilities (¥2.2B).
Debt to Equity History and Analysis
Debt Level: 6772 has more cash than its total debt.
Reducing Debt: 6772's debt to equity ratio has reduced from 101.4% to 26.9% over the past 5 years.
Debt Coverage: 6772's debt is well covered by operating cash flow (86.1%).
Interest Coverage: 6772's interest payments on its debt are well covered by EBIT (111.2x coverage).