Okabe Balance Sheet Health
Financial Health criteria checks 6/6
Okabe has a total shareholder equity of ¥63.9B and total debt of ¥6.2B, which brings its debt-to-equity ratio to 9.7%. Its total assets and total liabilities are ¥88.7B and ¥24.7B respectively. Okabe's EBIT is ¥3.8B making its interest coverage ratio -28. It has cash and short-term investments of ¥12.4B.
Key information
9.7%
Debt to equity ratio
JP¥6.21b
Debt
| Interest coverage ratio | -28x |
| Cash | JP¥12.38b |
| Equity | JP¥63.93b |
| Total liabilities | JP¥24.73b |
| Total assets | JP¥88.66b |
Recent financial health updates
No updates
Recent updates
Okabe (TSE:5959) Has Announced A Dividend Of ¥15.00
Oct 23
Okabe (TSE:5959) Is Due To Pay A Dividend Of ¥15.00
Sep 24Okabe (TSE:5959) Is Due To Pay A Dividend Of ¥15.00
Sep 03Okabe (TSE:5959) Will Pay A Dividend Of ¥15.00
Aug 13Okabe (TSE:5959) Will Pay A Dividend Of ¥15.00
Jul 30Okabe's (TSE:5959) Dividend Will Be Increased To ¥15.00
Jun 10Okabe (TSE:5959) Is Increasing Its Dividend To ¥15.00
May 21Okabe (TSE:5959) Will Pay A Larger Dividend Than Last Year At ¥15.00
Apr 25Okabe's (TSE:5959) Dividend Will Be Increased To ¥15.00
Apr 11Financial Position Analysis
Short Term Liabilities: 5959's short term assets (¥49.5B) exceed its short term liabilities (¥15.3B).
Long Term Liabilities: 5959's short term assets (¥49.5B) exceed its long term liabilities (¥9.4B).
Debt to Equity History and Analysis
Debt Level: 5959 has more cash than its total debt.
Reducing Debt: 5959's debt to equity ratio has reduced from 19.6% to 9.7% over the past 5 years.
Debt Coverage: 5959's debt is well covered by operating cash flow (63.8%).
Interest Coverage: 5959 earns more interest than it pays, so coverage of interest payments is not a concern.