Tokai Carbon Balance Sheet Health
Financial Health criteria checks 5/6
Tokai Carbon has a total shareholder equity of ¥381.1B and total debt of ¥170.0B, which brings its debt-to-equity ratio to 44.6%. Its total assets and total liabilities are ¥660.2B and ¥279.1B respectively. Tokai Carbon's EBIT is ¥30.7B making its interest coverage ratio -53.9. It has cash and short-term investments of ¥68.9B.
Key information
44.6%
Debt to equity ratio
JP¥169.98b
Debt
| Interest coverage ratio | -53.9x |
| Cash | JP¥68.89b |
| Equity | JP¥381.11b |
| Total liabilities | JP¥279.13b |
| Total assets | JP¥660.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TKCB.F's short term assets (¥261.9B) exceed its short term liabilities (¥124.4B).
Long Term Liabilities: TKCB.F's short term assets (¥261.9B) exceed its long term liabilities (¥154.7B).
Debt to Equity History and Analysis
Debt Level: TKCB.F's net debt to equity ratio (26.5%) is considered satisfactory.
Reducing Debt: TKCB.F's debt to equity ratio has increased from 22.5% to 44.6% over the past 5 years.
Debt Coverage: TKCB.F's debt is well covered by operating cash flow (36.5%).
Interest Coverage: TKCB.F earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/05/12 14:32 |
| End of Day Share Price | 2024/02/13 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tokai Carbon Co., Ltd. is covered by 17 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Takashi Enomoto | BofA Global Research |
| Atsushi Ikeda | Citigroup Inc |
| null null | Company Forecast |