Okuma Balance Sheet Health
Financial Health criteria checks 6/6
Okuma has a total shareholder equity of ¥237.8B and total debt of ¥5.0B, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are ¥297.8B and ¥59.9B respectively. Okuma's EBIT is ¥25.4B making its interest coverage ratio -19.9. It has cash and short-term investments of ¥54.5B.
Key information
2.1%
Debt to equity ratio
JP¥5.00b
Debt
Interest coverage ratio | -19.9x |
Cash | JP¥54.53b |
Equity | JP¥237.85b |
Total liabilities | JP¥59.93b |
Total assets | JP¥297.77b |
Financial Position Analysis
Short Term Liabilities: 6103's short term assets (¥187.8B) exceed its short term liabilities (¥46.8B).
Long Term Liabilities: 6103's short term assets (¥187.8B) exceed its long term liabilities (¥13.1B).
Debt to Equity History and Analysis
Debt Level: 6103 has more cash than its total debt.
Reducing Debt: 6103's debt to equity ratio has reduced from 5.9% to 2.1% over the past 5 years.
Debt Coverage: 6103's debt is well covered by operating cash flow (105%).
Interest Coverage: 6103 earns more interest than it pays, so coverage of interest payments is not a concern.