Oiles Balance Sheet Health
Financial Health criteria checks 6/6
Oiles has a total shareholder equity of ¥74.8B and total debt of ¥1.7B, which brings its debt-to-equity ratio to 2.2%. Its total assets and total liabilities are ¥92.0B and ¥17.2B respectively. Oiles's EBIT is ¥7.4B making its interest coverage ratio -20.4. It has cash and short-term investments of ¥23.3B.
Key information
2.2%
Debt to equity ratio
JP¥1.65b
Debt
| Interest coverage ratio | -20.4x |
| Cash | JP¥23.34b |
| Equity | JP¥74.81b |
| Total liabilities | JP¥17.15b |
| Total assets | JP¥91.96b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6282's short term assets (¥58.1B) exceed its short term liabilities (¥13.2B).
Long Term Liabilities: 6282's short term assets (¥58.1B) exceed its long term liabilities (¥4.0B).
Debt to Equity History and Analysis
Debt Level: 6282 has more cash than its total debt.
Reducing Debt: 6282's debt to equity ratio has reduced from 10% to 2.2% over the past 5 years.
Debt Coverage: 6282's debt is well covered by operating cash flow (435.1%).
Interest Coverage: 6282 earns more interest than it pays, so coverage of interest payments is not a concern.