JTEKT Balance Sheet Health
Financial Health criteria checks 6/6
JTEKT has a total shareholder equity of ¥864.2B and total debt of ¥233.6B, which brings its debt-to-equity ratio to 27%. Its total assets and total liabilities are ¥1,667.8B and ¥803.6B respectively. JTEKT's EBIT is ¥54.5B making its interest coverage ratio -6.2. It has cash and short-term investments of ¥167.7B.
Key information
27.0%
Debt to equity ratio
JP¥233.63b
Debt
| Interest coverage ratio | -6.2x |
| Cash | JP¥167.67b |
| Equity | JP¥864.19b |
| Total liabilities | JP¥803.60b |
| Total assets | JP¥1.67t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6JK's short term assets (¥814.8B) exceed its short term liabilities (¥470.4B).
Long Term Liabilities: 6JK's short term assets (¥814.8B) exceed its long term liabilities (¥333.2B).
Debt to Equity History and Analysis
Debt Level: 6JK's net debt to equity ratio (7.6%) is considered satisfactory.
Reducing Debt: 6JK's debt to equity ratio has reduced from 46.9% to 27% over the past 5 years.
Debt Coverage: 6JK's debt is well covered by operating cash flow (59.5%).
Interest Coverage: 6JK earns more interest than it pays, so coverage of interest payments is not a concern.