Taiho Transportation Balance Sheet Health
Financial Health criteria checks 5/6
Taiho Transportation has a total shareholder equity of ¥6.4B and total debt of ¥2.1B, which brings its debt-to-equity ratio to 32.5%. Its total assets and total liabilities are ¥9.7B and ¥3.4B respectively. Taiho Transportation's EBIT is ¥251.0M making its interest coverage ratio -27.9. It has cash and short-term investments of ¥2.3B.
Key information
32.5%
Debt to equity ratio
JP¥2.07b
Debt
Interest coverage ratio | -27.9x |
Cash | JP¥2.34b |
Equity | JP¥6.37b |
Total liabilities | JP¥3.37b |
Total assets | JP¥9.74b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9040's short term assets (¥3.6B) exceed its short term liabilities (¥1.2B).
Long Term Liabilities: 9040's short term assets (¥3.6B) exceed its long term liabilities (¥2.2B).
Debt to Equity History and Analysis
Debt Level: 9040 has more cash than its total debt.
Reducing Debt: 9040's debt to equity ratio has increased from 21.1% to 32.5% over the past 5 years.
Debt Coverage: 9040's debt is well covered by operating cash flow (21.5%).
Interest Coverage: 9040 earns more interest than it pays, so coverage of interest payments is not a concern.