Tokyo GasLtd Balance Sheet Health
Financial Health criteria checks 3/6
Tokyo GasLtd has a total shareholder equity of ¥1,733.2B and total debt of ¥1,344.3B, which brings its debt-to-equity ratio to 77.6%. Its total assets and total liabilities are ¥3,888.9B and ¥2,155.6B respectively. Tokyo GasLtd's EBIT is ¥220.3B making its interest coverage ratio 23.8. It has cash and short-term investments of ¥363.9B.
Key information
77.6%
Debt to equity ratio
JP¥1.34t
Debt
Interest coverage ratio | 23.8x |
Cash | JP¥363.95b |
Equity | JP¥1.73t |
Total liabilities | JP¥2.16t |
Total assets | JP¥3.89t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: TKGS.Y's short term assets (¥1,303.9B) exceed its short term liabilities (¥670.0B).
Long Term Liabilities: TKGS.Y's short term assets (¥1,303.9B) do not cover its long term liabilities (¥1,485.6B).
Debt to Equity History and Analysis
Debt Level: TKGS.Y's net debt to equity ratio (56.6%) is considered high.
Reducing Debt: TKGS.Y's debt to equity ratio has increased from 68% to 77.6% over the past 5 years.
Debt Coverage: TKGS.Y's debt is well covered by operating cash flow (24.6%).
Interest Coverage: TKGS.Y's interest payments on its debt are well covered by EBIT (23.8x coverage).