Toho Gas Balance Sheet Health
Financial Health criteria checks 5/6
Toho Gas has a total shareholder equity of ¥390.4B and total debt of ¥152.1B, which brings its debt-to-equity ratio to 39%. Its total assets and total liabilities are ¥718.2B and ¥327.8B respectively. Toho Gas's EBIT is ¥36.2B making its interest coverage ratio -20.2. It has cash and short-term investments of ¥36.9B.
Key information
39.0%
Debt to equity ratio
JP¥152.10b
Debt
| Interest coverage ratio | -20.2x |
| Cash | JP¥36.89b |
| Equity | JP¥390.38b |
| Total liabilities | JP¥327.80b |
| Total assets | JP¥718.18b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: THOG.F's short term assets (¥218.4B) exceed its short term liabilities (¥154.1B).
Long Term Liabilities: THOG.F's short term assets (¥218.4B) exceed its long term liabilities (¥173.7B).
Debt to Equity History and Analysis
Debt Level: THOG.F's net debt to equity ratio (29.5%) is considered satisfactory.
Reducing Debt: THOG.F's debt to equity ratio has increased from 37.2% to 39% over the past 5 years.
Debt Coverage: THOG.F's debt is well covered by operating cash flow (23.1%).
Interest Coverage: THOG.F earns more interest than it pays, so coverage of interest payments is not a concern.