Tamai Steamship Balance Sheet Health
Financial Health criteria checks 6/6
Tamai Steamship has a total shareholder equity of ¥7.5B and total debt of ¥2.6B, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are ¥11.8B and ¥4.3B respectively. Tamai Steamship's EBIT is ¥833.0M making its interest coverage ratio -277.7. It has cash and short-term investments of ¥2.3B.
Key information
34.1%
Debt to equity ratio
JP¥2.56b
Debt
| Interest coverage ratio | -277.7x |
| Cash | JP¥2.25b |
| Equity | JP¥7.52b |
| Total liabilities | JP¥4.28b |
| Total assets | JP¥11.79b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9127's short term assets (¥3.4B) exceed its short term liabilities (¥962.0M).
Long Term Liabilities: 9127's short term assets (¥3.4B) exceed its long term liabilities (¥3.3B).
Debt to Equity History and Analysis
Debt Level: 9127's net debt to equity ratio (4.1%) is considered satisfactory.
Reducing Debt: 9127's debt to equity ratio has reduced from 109% to 34.1% over the past 5 years.
Debt Coverage: 9127's debt is well covered by operating cash flow (57.1%).
Interest Coverage: 9127 earns more interest than it pays, so coverage of interest payments is not a concern.