Ogura ClutchLtd Balance Sheet Health
Financial Health criteria checks 2/6
Ogura ClutchLtd has a total shareholder equity of ¥16.2B and total debt of ¥20.1B, which brings its debt-to-equity ratio to 124.2%. Its total assets and total liabilities are ¥48.5B and ¥32.4B respectively. Ogura ClutchLtd's EBIT is ¥343.0M making its interest coverage ratio 1.9. It has cash and short-term investments of ¥7.4B.
Key information
124.2%
Debt to equity ratio
JP¥20.08b
Debt
| Interest coverage ratio | 1.9x |
| Cash | JP¥7.45b |
| Equity | JP¥16.16b |
| Total liabilities | JP¥32.36b |
| Total assets | JP¥48.52b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6408's short term assets (¥32.6B) exceed its short term liabilities (¥25.6B).
Long Term Liabilities: 6408's short term assets (¥32.6B) exceed its long term liabilities (¥6.8B).
Debt to Equity History and Analysis
Debt Level: 6408's net debt to equity ratio (78.2%) is considered high.
Reducing Debt: 6408's debt to equity ratio has increased from 68.7% to 124.2% over the past 5 years.
Debt Coverage: 6408's debt is not well covered by operating cash flow (15.1%).
Interest Coverage: 6408's interest payments on its debt are not well covered by EBIT (1.9x coverage).