TOYO Balance Sheet Health
Financial Health criteria checks 2/6
TOYO has a total shareholder equity of $56.9M and total debt of $103.7M, which brings its debt-to-equity ratio to 182.3%. Its total assets and total liabilities are $238.3M and $181.4M respectively. TOYO's EBIT is $12.0M making its interest coverage ratio 3.7. It has cash and short-term investments of $18.0M.
Key information
182.3%
Debt to equity ratio
US$103.72m
Debt
Interest coverage ratio | 3.7x |
Cash | US$18.04m |
Equity | US$56.90m |
Total liabilities | US$181.39m |
Total assets | US$238.28m |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: TOYO's short term assets ($82.8M) do not cover its short term liabilities ($169.2M).
Long Term Liabilities: TOYO's short term assets ($82.8M) exceed its long term liabilities ($12.2M).
Debt to Equity History and Analysis
Debt Level: TOYO's net debt to equity ratio (150.6%) is considered high.
Reducing Debt: Insufficient data to determine if TOYO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TOYO's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TOYO's interest payments on its debt are well covered by EBIT (3.7x coverage).