JTEKT Balance Sheet Health
Financial Health criteria checks 6/6
JTEKT has a total shareholder equity of ¥822.8B and total debt of ¥241.9B, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are ¥1,628.5B and ¥805.7B respectively. JTEKT's EBIT is ¥62.2B making its interest coverage ratio -6.6. It has cash and short-term investments of ¥167.0B.
Key information
29.4%
Debt to equity ratio
JP¥241.95b
Debt
| Interest coverage ratio | -6.6x |
| Cash | JP¥167.02b |
| Equity | JP¥822.77b |
| Total liabilities | JP¥805.74b |
| Total assets | JP¥1.63t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6473's short term assets (¥805.5B) exceed its short term liabilities (¥482.2B).
Long Term Liabilities: 6473's short term assets (¥805.5B) exceed its long term liabilities (¥323.5B).
Debt to Equity History and Analysis
Debt Level: 6473's net debt to equity ratio (9.1%) is considered satisfactory.
Reducing Debt: 6473's debt to equity ratio has reduced from 47.9% to 29.4% over the past 5 years.
Debt Coverage: 6473's debt is well covered by operating cash flow (63.8%).
Interest Coverage: 6473 earns more interest than it pays, so coverage of interest payments is not a concern.