Okumura Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Okumura Engineering has a total shareholder equity of ¥9.6B and total debt of ¥962.0M, which brings its debt-to-equity ratio to 10%. Its total assets and total liabilities are ¥12.6B and ¥3.0B respectively. Okumura Engineering's EBIT is ¥668.0M making its interest coverage ratio 167. It has cash and short-term investments of ¥1.4B.
Key information
10.0%
Debt to equity ratio
JP¥962.00m
Debt
| Interest coverage ratio | 167x |
| Cash | JP¥1.39b |
| Equity | JP¥9.62b |
| Total liabilities | JP¥2.98b |
| Total assets | JP¥12.60b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6229's short term assets (¥8.2B) exceed its short term liabilities (¥2.1B).
Long Term Liabilities: 6229's short term assets (¥8.2B) exceed its long term liabilities (¥837.0M).
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 55.4% to 10% over the past 5 years.
Debt Coverage: 6229's debt is well covered by operating cash flow (65.3%).
Interest Coverage: 6229's interest payments on its debt are well covered by EBIT (167x coverage).