Tobu Railway Balance Sheet Health
Financial Health criteria checks 2/6
Tobu Railway has a total shareholder equity of ¥522.9B and total debt of ¥753.9B, which brings its debt-to-equity ratio to 144.2%. Its total assets and total liabilities are ¥1,723.8B and ¥1,200.9B respectively. Tobu Railway's EBIT is ¥72.6B making its interest coverage ratio 20.8. It has cash and short-term investments of ¥38.1B.
Key information
144.2%
Debt to equity ratio
JP¥753.88b
Debt
| Interest coverage ratio | 20.8x |
| Cash | JP¥38.05b |
| Equity | JP¥522.93b |
| Total liabilities | JP¥1.20t |
| Total assets | JP¥1.72t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 9001's short term assets (¥184.3B) do not cover its short term liabilities (¥441.4B).
Long Term Liabilities: 9001's short term assets (¥184.3B) do not cover its long term liabilities (¥759.5B).
Debt to Equity History and Analysis
Debt Level: 9001's net debt to equity ratio (136.9%) is considered high.
Reducing Debt: 9001's debt to equity ratio has reduced from 168.4% to 144.2% over the past 5 years.
Debt Coverage: 9001's debt is not well covered by operating cash flow (12.1%).
Interest Coverage: 9001's interest payments on its debt are well covered by EBIT (20.8x coverage).