Toho Gas Balance Sheet Health
Financial Health criteria checks 5/6
Toho Gas has a total shareholder equity of ¥456.9B and total debt of ¥129.9B, which brings its debt-to-equity ratio to 28.4%. Its total assets and total liabilities are ¥734.5B and ¥277.7B respectively. Toho Gas's EBIT is ¥33.6B making its interest coverage ratio -12.1. It has cash and short-term investments of ¥29.8B.
Key information
28.4%
Debt to equity ratio
JP¥129.87b
Debt
Interest coverage ratio | -12.1x |
Cash | JP¥29.77b |
Equity | JP¥456.85b |
Total liabilities | JP¥277.67b |
Total assets | JP¥734.52b |
Financial Position Analysis
Short Term Liabilities: 9533's short term assets (¥180.6B) exceed its short term liabilities (¥93.0B).
Long Term Liabilities: 9533's short term assets (¥180.6B) do not cover its long term liabilities (¥184.6B).
Debt to Equity History and Analysis
Debt Level: 9533's net debt to equity ratio (21.9%) is considered satisfactory.
Reducing Debt: 9533's debt to equity ratio has reduced from 38.5% to 28.4% over the past 5 years.
Debt Coverage: 9533's debt is well covered by operating cash flow (69.7%).
Interest Coverage: 9533 earns more interest than it pays, so coverage of interest payments is not a concern.