Tokyo GasLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tokyo GasLtd has a total shareholder equity of ¥1,786.4B and total debt of ¥1,357.8B, which brings its debt-to-equity ratio to 76%. Its total assets and total liabilities are ¥3,882.5B and ¥2,096.1B respectively. Tokyo GasLtd's EBIT is ¥128.8B making its interest coverage ratio 7.3. It has cash and short-term investments of ¥213.0B.
Key information
76.0%
Debt to equity ratio
JP¥1.36t
Debt
| Interest coverage ratio | 7.3x |
| Cash | JP¥212.97b |
| Equity | JP¥1.79t |
| Total liabilities | JP¥2.10t |
| Total assets | JP¥3.88t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TKGS.F's short term assets (¥1,101.5B) exceed its short term liabilities (¥571.8B).
Long Term Liabilities: TKGS.F's short term assets (¥1,101.5B) do not cover its long term liabilities (¥1,524.3B).
Debt to Equity History and Analysis
Debt Level: TKGS.F's net debt to equity ratio (64.1%) is considered high.
Reducing Debt: TKGS.F's debt to equity ratio has increased from 73.8% to 76% over the past 5 years.
Debt Coverage: TKGS.F's debt is well covered by operating cash flow (23.9%).
Interest Coverage: TKGS.F's interest payments on its debt are well covered by EBIT (7.3x coverage).