Tokai Kisen Balance Sheet Health
Financial Health criteria checks 1/6
Tokai Kisen has a total shareholder equity of ¥6.3B and total debt of ¥12.2B, which brings its debt-to-equity ratio to 192.6%. Its total assets and total liabilities are ¥22.9B and ¥16.6B respectively. Tokai Kisen's EBIT is ¥357.0M making its interest coverage ratio 3. It has cash and short-term investments of ¥5.3B.
Key information
192.6%
Debt to equity ratio
JP¥12.17b
Debt
| Interest coverage ratio | 3x |
| Cash | JP¥5.35b |
| Equity | JP¥6.32b |
| Total liabilities | JP¥16.58b |
| Total assets | JP¥22.90b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9173's short term assets (¥8.0B) exceed its short term liabilities (¥6.2B).
Long Term Liabilities: 9173's short term assets (¥8.0B) do not cover its long term liabilities (¥10.3B).
Debt to Equity History and Analysis
Debt Level: 9173's net debt to equity ratio (107.9%) is considered high.
Reducing Debt: 9173's debt to equity ratio has increased from 163.2% to 192.6% over the past 5 years.
Debt Coverage: 9173's debt is not well covered by operating cash flow (5.8%).
Interest Coverage: 9173's interest payments on its debt are not well covered by EBIT (3x coverage).