Oiles Balance Sheet Health
Financial Health criteria checks 6/6
Oiles has a total shareholder equity of ¥77.3B and total debt of ¥1.6B, which brings its debt-to-equity ratio to 2.1%. Its total assets and total liabilities are ¥93.3B and ¥16.1B respectively. Oiles's EBIT is ¥8.3B making its interest coverage ratio -23.2. It has cash and short-term investments of ¥26.9B.
Key information
2.1%
Debt to equity ratio
JP¥1.64b
Debt
| Interest coverage ratio | -23.2x |
| Cash | JP¥26.86b |
| Equity | JP¥77.26b |
| Total liabilities | JP¥16.07b |
| Total assets | JP¥93.33b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6282's short term assets (¥59.4B) exceed its short term liabilities (¥12.4B).
Long Term Liabilities: 6282's short term assets (¥59.4B) exceed its long term liabilities (¥3.7B).
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 2.1% over the past 5 years.
Debt Coverage: 6282's debt is well covered by operating cash flow (567.8%).
Interest Coverage: 6282 earns more interest than it pays, so coverage of interest payments is not a concern.