Taiho Transportation Balance Sheet Health
Financial Health criteria checks 6/6
Taiho Transportation has a total shareholder equity of ¥6.6B and total debt of ¥2.0B, which brings its debt-to-equity ratio to 30%. Its total assets and total liabilities are ¥9.9B and ¥3.3B respectively. Taiho Transportation's EBIT is ¥316.0M making its interest coverage ratio -52.7. It has cash and short-term investments of ¥2.4B.
Key information
30.0%
Debt to equity ratio
JP¥1.98b
Debt
Interest coverage ratio | -52.7x |
Cash | JP¥2.42b |
Equity | JP¥6.61b |
Total liabilities | JP¥3.25b |
Total assets | JP¥9.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9040's short term assets (¥3.9B) exceed its short term liabilities (¥1.3B).
Long Term Liabilities: 9040's short term assets (¥3.9B) exceed its long term liabilities (¥2.0B).
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 reduced from 32.5% to 30% over the past 5 years.
Debt Coverage: 9040's debt is well covered by operating cash flow (25.1%).
Interest Coverage: 9040 earns more interest than it pays, so coverage of interest payments is not a concern.