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).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 10:59 |
| End of Day Share Price | 2024/11/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Tokyo Gas Co.,Ltd. is covered by 22 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Masanori Maruo | Barclays |
| Takahiro Mori | BofA Global Research |
| Takashi Miyazaki | Citigroup Global Markets Japan Inc. |