THK Balance Sheet Health
Financial Health criteria checks 5/6
THK has a total shareholder equity of ¥362.9B and total debt of ¥108.8B, which brings its debt-to-equity ratio to 30%. Its total assets and total liabilities are ¥556.4B and ¥193.5B respectively. THK's EBIT is ¥23.0B making its interest coverage ratio -11.3. It has cash and short-term investments of ¥157.0B.
Key information
30.0%
Debt to equity ratio
JP¥108.76b
Debt
Interest coverage ratio | -11.3x |
Cash | JP¥156.99b |
Equity | JP¥362.90b |
Total liabilities | JP¥193.45b |
Total assets | JP¥556.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THKL.F's short term assets (¥333.5B) exceed its short term liabilities (¥73.6B).
Long Term Liabilities: THKL.F's short term assets (¥333.5B) exceed its long term liabilities (¥119.8B).
Debt to Equity History and Analysis
Debt Level: THKL.F has more cash than its total debt.
Reducing Debt: THKL.F's debt to equity ratio has increased from 22.9% to 30% over the past 5 years.
Debt Coverage: THKL.F's debt is well covered by operating cash flow (36.2%).
Interest Coverage: THKL.F earns more interest than it pays, so coverage of interest payments is not a concern.