TDK Balance Sheet Health
Financial Health criteria checks 6/6
TDK has a total shareholder equity of ¥1,714.9B and total debt of ¥613.2B, which brings its debt-to-equity ratio to 35.8%. Its total assets and total liabilities are ¥3,415.3B and ¥1,700.4B respectively. TDK's EBIT is ¥172.9B making its interest coverage ratio -30.4. It has cash and short-term investments of ¥650.0B.
Key information
35.8%
Debt to equity ratio
JP¥613.17b
Debt
Interest coverage ratio | -30.4x |
Cash | JP¥650.00b |
Equity | JP¥1.71t |
Total liabilities | JP¥1.70t |
Total assets | JP¥3.42t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TTDK.Y's short term assets (¥1,728.0B) exceed its short term liabilities (¥1,016.9B).
Long Term Liabilities: TTDK.Y's short term assets (¥1,728.0B) exceed its long term liabilities (¥683.5B).
Debt to Equity History and Analysis
Debt Level: TTDK.Y has more cash than its total debt.
Reducing Debt: TTDK.Y's debt to equity ratio has reduced from 58.9% to 35.8% over the past 5 years.
Debt Coverage: TTDK.Y's debt is well covered by operating cash flow (72.9%).
Interest Coverage: TTDK.Y earns more interest than it pays, so coverage of interest payments is not a concern.