Tokyo Cosmos Electric Balance Sheet Health
Financial Health criteria checks 6/6
Tokyo Cosmos Electric has a total shareholder equity of ¥6.6B and total debt of ¥2.3B, which brings its debt-to-equity ratio to 34.8%. Its total assets and total liabilities are ¥12.0B and ¥5.4B respectively. Tokyo Cosmos Electric's EBIT is ¥1.3B making its interest coverage ratio 83.8. It has cash and short-term investments of ¥3.0B.
Key information
34.8%
Debt to equity ratio
JP¥2.31b
Debt
Interest coverage ratio | 83.8x |
Cash | JP¥3.02b |
Equity | JP¥6.62b |
Total liabilities | JP¥5.40b |
Total assets | JP¥12.02b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6772's short term assets (¥7.8B) exceed its short term liabilities (¥2.8B).
Long Term Liabilities: 6772's short term assets (¥7.8B) exceed its long term liabilities (¥2.6B).
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 99.2% to 34.8% over the past 5 years.
Debt Coverage: 6772's debt is well covered by operating cash flow (68.3%).
Interest Coverage: 6772's interest payments on its debt are well covered by EBIT (83.8x coverage).