Okumura Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Okumura Engineering has a total shareholder equity of ¥9.9B and total debt of ¥1.1B, which brings its debt-to-equity ratio to 11.3%. Its total assets and total liabilities are ¥13.3B and ¥3.4B respectively. Okumura Engineering's EBIT is ¥856.0M making its interest coverage ratio 428. It has cash and short-term investments of ¥1.4B.
Key information
11.3%
Debt to equity ratio
JP¥1.13b
Debt
| Interest coverage ratio | 428x |
| Cash | JP¥1.35b |
| Equity | JP¥9.94b |
| Total liabilities | JP¥3.35b |
| Total assets | JP¥13.29b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6229's short term assets (¥8.9B) exceed its short term liabilities (¥2.5B).
Long Term Liabilities: 6229's short term assets (¥8.9B) exceed its long term liabilities (¥835.0M).
Debt to Equity History and Analysis
Debt Level: 6229 has more cash than its total debt.
Reducing Debt: 6229's debt to equity ratio has reduced from 46% to 11.3% over the past 5 years.
Debt Coverage: 6229's debt is well covered by operating cash flow (63.5%).
Interest Coverage: 6229's interest payments on its debt are well covered by EBIT (428x coverage).