JTEKT Balance Sheet Health
Financial Health criteria checks 6/6
JTEKT has a total shareholder equity of ¥816.1B and total debt of ¥232.0B, which brings its debt-to-equity ratio to 28.4%. Its total assets and total liabilities are ¥1,556.8B and ¥740.7B respectively. JTEKT's EBIT is ¥53.1B making its interest coverage ratio 14.3. It has cash and short-term investments of ¥130.9B.
Key information
28.4%
Debt to equity ratio
JP¥232.01b
Debt
| Interest coverage ratio | 14.3x |
| Cash | JP¥130.94b |
| Equity | JP¥816.11b |
| Total liabilities | JP¥740.73b |
| Total assets | JP¥1.56t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6JK's short term assets (¥751.9B) exceed its short term liabilities (¥435.0B).
Long Term Liabilities: 6JK's short term assets (¥751.9B) exceed its long term liabilities (¥305.8B).
Debt to Equity History and Analysis
Debt Level: 6JK's net debt to equity ratio (12.4%) is considered satisfactory.
Reducing Debt: 6JK's debt to equity ratio has reduced from 50.5% to 28.4% over the past 5 years.
Debt Coverage: 6JK's debt is well covered by operating cash flow (32.1%).
Interest Coverage: 6JK's interest payments on its debt are well covered by EBIT (14.3x coverage).