Toray Industries, Inc.

Tokyo Stock Exchange 3402.T

Toray Industries, Inc. Interest Coverage Ratio for the year ending March 31, 2024: 4.12

Toray Industries, Inc. Interest Coverage Ratio is 4.12 for the year ending March 31, 2024, a -42.10% change year over year. Interest coverage ratio assesses earnings' ability to cover interest expenses; higher ratios signal lower risk.
  • Toray Industries, Inc. Interest Coverage Ratio for the year ending March 31, 2023 was 7.12, a -66.30% change year over year.
  • Toray Industries, Inc. Interest Coverage Ratio for the year ending March 31, 2022 was 21.12, a 115.82% change year over year.
  • Toray Industries, Inc. Interest Coverage Ratio for the year ending March 31, 2021 was 9.79, a -41.39% change year over year.
  • Toray Industries, Inc. Interest Coverage Ratio for the year ending March 31, 2020 was 16.70, a -15.49% change year over year.
Key data
Date Interest Coverage Ratio Debt to Equity Ratio Interest Expense To Sales Inventory Turnover Ratio
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SV Wall Street
Tokyo Stock Exchange: 3402.T

Toray Industries, Inc.

CEO Mr. Mitsuo Ohya
IPO Date Jan. 4, 2000
Location Japan
Headquarters Nihonbashi Mitsui Tower
Employees 48,140
Sector Materials
Industries
Description

Toray Industries, Inc., together with its subsidiaries, manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally. The company offers filament yarns, staple fibers, and spun yarns, as well as woven and knitted fabrics of nylon, polyester, acrylics, and others; non-woven fabrics; ultra-fine fibers; and apparel products. It also provides nylon, ABS, PBT, PPS, and other resins and molded products; polyolefin foam products; polyester, polyethylene, polypropylene, and other films; processed film products; raw materials for synthetic fibers and other plastics; fine chemicals; electronic and information materials; and graphic materials. In addition, the company offers carbon fibers, carbon fiber composite materials, and molded products; analysis, physical evaluation, research, and other services; and pharmaceuticals, medical devices, etc. Further, it provides engineering services; condominiums; industrial equipment and machinery; IT-related equipment; water treatment membranes and related equipment; and materials for housing, building, and civil engineering applications. The company was formerly known as Toyo Rayon Co., Ltd. and changed its name to Toray Industries, Inc. in 1970. The company was incorporated in 1926 and is headquartered in Tokyo, Japan.

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StockViz Staff

January 31, 2025

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