Okamoto Machine Tool Works Balance Sheet Health
Financial Health criteria checks 5/6
Okamoto Machine Tool Works has a total shareholder equity of ¥27.2B and total debt of ¥7.3B, which brings its debt-to-equity ratio to 26.9%. Its total assets and total liabilities are ¥55.9B and ¥28.7B respectively. Okamoto Machine Tool Works's EBIT is ¥5.1B making its interest coverage ratio -569.7. It has cash and short-term investments of ¥9.5B.
Key information
26.9%
Debt to equity ratio
JP¥7.31b
Debt
Interest coverage ratio | -569.7x |
Cash | JP¥9.50b |
Equity | JP¥27.21b |
Total liabilities | JP¥28.74b |
Total assets | JP¥55.95b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6125's short term assets (¥39.0B) exceed its short term liabilities (¥24.1B).
Long Term Liabilities: 6125's short term assets (¥39.0B) exceed its long term liabilities (¥4.7B).
Debt to Equity History and Analysis
Debt Level: 6125 has more cash than its total debt.
Reducing Debt: 6125's debt to equity ratio has reduced from 106.3% to 26.9% over the past 5 years.
Debt Coverage: 6125's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6125 earns more interest than it pays, so coverage of interest payments is not a concern.