Tokyo Century Balance Sheet Health
Financial Health criteria checks 3/6
Tokyo Century has a total shareholder equity of ¥1,011.2B and total debt of ¥4,749.0B, which brings its debt-to-equity ratio to 469.7%. Its total assets and total liabilities are ¥6,460.9B and ¥5,449.8B respectively. Tokyo Century's EBIT is ¥104.2B making its interest coverage ratio 17.9. It has cash and short-term investments of ¥194.7B.
Key information
469.7%
Debt to equity ratio
JP¥4.75t
Debt
Interest coverage ratio | 17.9x |
Cash | JP¥194.67b |
Equity | JP¥1.01t |
Total liabilities | JP¥5.45t |
Total assets | JP¥6.46t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TCNR.F's short term assets (¥2,938.9B) exceed its short term liabilities (¥2,142.1B).
Long Term Liabilities: TCNR.F's short term assets (¥2,938.9B) do not cover its long term liabilities (¥3,307.7B).
Debt to Equity History and Analysis
Debt Level: TCNR.F's net debt to equity ratio (450.4%) is considered high.
Reducing Debt: TCNR.F's debt to equity ratio has reduced from 580% to 469.7% over the past 5 years.
Debt Coverage: TCNR.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: TCNR.F's interest payments on its debt are well covered by EBIT (17.9x coverage).