Otec Balance Sheet Health
Financial Health criteria checks 6/6
Otec has a total shareholder equity of ¥19.4B and total debt of ¥1.8B, which brings its debt-to-equity ratio to 9.5%. Its total assets and total liabilities are ¥30.7B and ¥11.3B respectively. Otec's EBIT is ¥2.7B making its interest coverage ratio -53.2. It has cash and short-term investments of ¥6.9B.
Key information
9.5%
Debt to equity ratio
JP¥1.85b
Debt
| Interest coverage ratio | -53.2x |
| Cash | JP¥6.86b |
| Equity | JP¥19.42b |
| Total liabilities | JP¥11.25b |
| Total assets | JP¥30.67b |
Recent financial health updates
We Think Otec (TYO:1736) Can Manage Its Debt With Ease
Mar 23
Otec (TYO:1736) Could Easily Take On More Debt
Dec 23
Recent updates
Returns On Capital At Otec (TYO:1736) Have Hit The Brakes
Apr 30We Think Otec (TYO:1736) Can Manage Its Debt With Ease
Mar 23What Kind Of Shareholders Own Otec Corporation (TYO:1736)?
Mar 05Are You An Income Investor? Don't Miss Out On Otec Corporation (TYO:1736)
Feb 15Is Otec (TYO:1736) Likely To Turn Things Around?
Jan 29Did You Participate In Any Of Otec's (TYO:1736) Fantastic 207% Return ?
Jan 10Otec (TYO:1736) Could Easily Take On More Debt
Dec 23What Kind Of Shareholders Own Otec Corporation (TYO:1736)?
Dec 05Calculating The Fair Value Of Otec Corporation (TYO:1736)
Nov 20Financial Position Analysis
Short Term Liabilities: 1736's short term assets (¥19.4B) exceed its short term liabilities (¥9.7B).
Long Term Liabilities: 1736's short term assets (¥19.4B) exceed its long term liabilities (¥1.5B).
Debt to Equity History and Analysis
Debt Level: 1736 has more cash than its total debt.
Reducing Debt: 1736's debt to equity ratio has reduced from 10% to 9.5% over the past 5 years.
Debt Coverage: 1736's debt is well covered by operating cash flow (99.9%).
Interest Coverage: 1736 earns more interest than it pays, so coverage of interest payments is not a concern.