Okabe Balance Sheet Health

Financial Health criteria checks 6/6

Okabe has a total shareholder equity of ¥64.8B and total debt of ¥6.1B, which brings its debt-to-equity ratio to 9.4%. Its total assets and total liabilities are ¥90.0B and ¥25.2B respectively. Okabe's EBIT is ¥3.8B making its interest coverage ratio -29.2. It has cash and short-term investments of ¥11.6B.

Key information

9.4%

Debt to equity ratio

JP¥6.10b

Debt

Interest coverage ratio-29.2x
CashJP¥11.65b
EquityJP¥64.85b
Total liabilitiesJP¥25.20b
Total assetsJP¥90.05b

Recent financial health updates

No updates

Recent updates

Okabe (TSE:5959) Has Announced A Dividend Of ¥15.00

Oct 23
Okabe (TSE:5959) Has Announced A Dividend Of ¥15.00

Okabe (TSE:5959) Is Due To Pay A Dividend Of ¥15.00

Sep 24
Okabe (TSE:5959) Is Due To Pay A Dividend Of ¥15.00

Okabe (TSE:5959) Is Due To Pay A Dividend Of ¥15.00

Sep 03
Okabe (TSE:5959) Is Due To Pay A Dividend Of ¥15.00

Okabe (TSE:5959) Will Pay A Dividend Of ¥15.00

Aug 13
Okabe (TSE:5959) Will Pay A Dividend Of ¥15.00

Okabe (TSE:5959) Will Pay A Dividend Of ¥15.00

Jul 30
Okabe (TSE:5959) Will Pay A Dividend Of ¥15.00

Okabe's (TSE:5959) Dividend Will Be Increased To ¥15.00

Jun 10
Okabe's (TSE:5959) Dividend Will Be Increased To ¥15.00

Okabe (TSE:5959) Is Increasing Its Dividend To ¥15.00

May 21
Okabe (TSE:5959) Is Increasing Its Dividend To ¥15.00

Okabe (TSE:5959) Will Pay A Larger Dividend Than Last Year At ¥15.00

Apr 25
Okabe (TSE:5959) Will Pay A Larger Dividend Than Last Year At ¥15.00

Okabe's (TSE:5959) Dividend Will Be Increased To ¥15.00

Apr 11
Okabe's (TSE:5959) Dividend Will Be Increased To ¥15.00

Financial Position Analysis

Short Term Liabilities: 5959's short term assets (¥50.6B) exceed its short term liabilities (¥15.9B).

Long Term Liabilities: 5959's short term assets (¥50.6B) exceed its long term liabilities (¥9.3B).


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 19.8% to 9.4% over the past 5 years.

Debt Coverage: 5959's debt is well covered by operating cash flow (65%).

Interest Coverage: 5959 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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