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.