Toray Industries Balance Sheet Health
Financial Health criteria checks 6/6
Toray Industries has a total shareholder equity of ¥1,838.3B and total debt of ¥844.9B, which brings its debt-to-equity ratio to 46%. Its total assets and total liabilities are ¥3,365.9B and ¥1,527.6B respectively. Toray Industries's EBIT is ¥135.9B making its interest coverage ratio 18. It has cash and short-term investments of ¥220.7B.
Key information
46.0%
Debt to equity ratio
JP¥844.86b
Debt
| Interest coverage ratio | 18x |
| Cash | JP¥220.70b |
| Equity | JP¥1.84t |
| Total liabilities | JP¥1.53t |
| Total assets | JP¥3.37t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TRYI.F's short term assets (¥1,559.8B) exceed its short term liabilities (¥843.4B).
Long Term Liabilities: TRYI.F's short term assets (¥1,559.8B) exceed its long term liabilities (¥684.2B).
Debt to Equity History and Analysis
Debt Level: TRYI.F's net debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: TRYI.F's debt to equity ratio has reduced from 77% to 46% over the past 5 years.
Debt Coverage: TRYI.F's debt is well covered by operating cash flow (27.9%).
Interest Coverage: TRYI.F's interest payments on its debt are well covered by EBIT (18x coverage).