TOYO Balance Sheet Health
Financial Health criteria checks 2/6
TOYO has a total shareholder equity of $73.4M and total debt of $121.6M, which brings its debt-to-equity ratio to 165.6%. Its total assets and total liabilities are $241.4M and $168.0M respectively. TOYO's EBIT is $36.2M making its interest coverage ratio 7.4. It has cash and short-term investments of $41.7M.
Key information
165.6%
Debt to equity ratio
US$121.59m
Debt
| Interest coverage ratio | 7.4x |
| Cash | US$41.67m |
| Equity | US$73.41m |
| Total liabilities | US$168.03m |
| Total assets | US$241.44m |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: TOYO's short term assets ($96.6M) do not cover its short term liabilities ($145.4M).
Long Term Liabilities: TOYO's short term assets ($96.6M) exceed its long term liabilities ($22.6M).
Debt to Equity History and Analysis
Debt Level: TOYO's net debt to equity ratio (108.9%) is considered high.
Reducing Debt: Insufficient data to determine if TOYO's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: TOYO's debt is not well covered by operating cash flow (9.2%).
Interest Coverage: TOYO's interest payments on its debt are well covered by EBIT (7.4x coverage).