Tokai Carbon Balance Sheet Health
Financial Health criteria checks 5/6
Tokai Carbon has a total shareholder equity of ¥360.1B and total debt of ¥166.6B, which brings its debt-to-equity ratio to 46.3%. Its total assets and total liabilities are ¥640.0B and ¥279.9B respectively. Tokai Carbon's EBIT is ¥38.7B making its interest coverage ratio -70.4. It has cash and short-term investments of ¥77.5B.
Key information
46.3%
Debt to equity ratio
JP¥166.64b
Debt
Interest coverage ratio | -70.4x |
Cash | JP¥77.47b |
Equity | JP¥360.10b |
Total liabilities | JP¥279.90b |
Total assets | JP¥640.01b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TKCB.Y's short term assets (¥262.9B) exceed its short term liabilities (¥137.0B).
Long Term Liabilities: TKCB.Y's short term assets (¥262.9B) exceed its long term liabilities (¥142.9B).
Debt to Equity History and Analysis
Debt Level: TKCB.Y's net debt to equity ratio (24.8%) is considered satisfactory.
Reducing Debt: TKCB.Y's debt to equity ratio has increased from 25% to 46.3% over the past 5 years.
Debt Coverage: TKCB.Y's debt is well covered by operating cash flow (37.2%).
Interest Coverage: TKCB.Y earns more interest than it pays, so coverage of interest payments is not a concern.