Tamai Steamship Balance Sheet Health
Financial Health criteria checks 6/6
Tamai Steamship has a total shareholder equity of ¥7.6B and total debt of ¥2.5B, which brings its debt-to-equity ratio to 32.7%. Its total assets and total liabilities are ¥11.8B and ¥4.2B respectively. Tamai Steamship's EBIT is ¥972.0M making its interest coverage ratio -324. It has cash and short-term investments of ¥2.1B.
Key information
32.7%
Debt to equity ratio
JP¥2.47b
Debt
| Interest coverage ratio | -324x |
| Cash | JP¥2.12b |
| Equity | JP¥7.56b |
| Total liabilities | JP¥4.22b |
| Total assets | JP¥11.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9127's short term assets (¥3.7B) exceed its short term liabilities (¥1.2B).
Long Term Liabilities: 9127's short term assets (¥3.7B) exceed its long term liabilities (¥3.0B).
Debt to Equity History and Analysis
Debt Level: 9127's net debt to equity ratio (4.6%) is considered satisfactory.
Reducing Debt: 9127's debt to equity ratio has reduced from 107.3% to 32.7% over the past 5 years.
Debt Coverage: 9127's debt is well covered by operating cash flow (30.9%).
Interest Coverage: 9127 earns more interest than it pays, so coverage of interest payments is not a concern.