Oiles Balance Sheet Health
Financial Health criteria checks 6/6
Oiles has a total shareholder equity of ¥72.6B and total debt of ¥2.3B, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are ¥89.3B and ¥16.6B respectively. Oiles's EBIT is ¥6.1B making its interest coverage ratio -17.1. It has cash and short-term investments of ¥23.1B.
Key information
3.2%
Debt to equity ratio
JP¥2.35b
Debt
Interest coverage ratio | -17.1x |
Cash | JP¥23.11b |
Equity | JP¥72.65b |
Total liabilities | JP¥16.63b |
Total assets | JP¥89.28b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6282's short term assets (¥56.9B) exceed its short term liabilities (¥13.1B).
Long Term Liabilities: 6282's short term assets (¥56.9B) exceed its long term liabilities (¥3.6B).
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 10.2% to 3.2% over the past 5 years.
Debt Coverage: 6282's debt is well covered by operating cash flow (301.8%).
Interest Coverage: 6282 earns more interest than it pays, so coverage of interest payments is not a concern.