Okabe Balance Sheet Health
Financial Health criteria checks 6/6
Okabe has a total shareholder equity of ¥61.8B and total debt of ¥6.3B, which brings its debt-to-equity ratio to 10.3%. Its total assets and total liabilities are ¥87.1B and ¥25.3B respectively. Okabe's EBIT is ¥3.9B making its interest coverage ratio -58.4. It has cash and short-term investments of ¥12.1B.
Key information
10.3%
Debt to equity ratio
JP¥6.34b
Debt
Interest coverage ratio | -58.4x |
Cash | JP¥12.09b |
Equity | JP¥61.77b |
Total liabilities | JP¥25.34b |
Total assets | JP¥87.11b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5959's short term assets (¥48.7B) exceed its short term liabilities (¥15.8B).
Long Term Liabilities: 5959's short term assets (¥48.7B) exceed its long term liabilities (¥9.5B).
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 21.2% to 10.3% over the past 5 years.
Debt Coverage: 5959's debt is well covered by operating cash flow (97.8%).
Interest Coverage: 5959 earns more interest than it pays, so coverage of interest payments is not a concern.