Okano Valve Mfg.Co.Ltd Balance Sheet Health
Financial Health criteria checks 6/6
Okano Valve Mfg.Co.Ltd has a total shareholder equity of ¥10.2B and total debt of ¥1.1B, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are ¥12.6B and ¥2.4B respectively. Okano Valve Mfg.Co.Ltd's EBIT is ¥1.2B making its interest coverage ratio -242.6. It has cash and short-term investments of ¥3.7B.
Key information
10.5%
Debt to equity ratio
JP¥1.07b
Debt
| Interest coverage ratio | -242.6x |
| Cash | JP¥3.73b |
| Equity | JP¥10.22b |
| Total liabilities | JP¥2.40b |
| Total assets | JP¥12.62b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6492's short term assets (¥8.5B) exceed its short term liabilities (¥1.1B).
Long Term Liabilities: 6492's short term assets (¥8.5B) exceed its long term liabilities (¥1.3B).
Debt to Equity History and Analysis
Debt Level: 6492 has more cash than its total debt.
Reducing Debt: 6492's debt to equity ratio has reduced from 27.2% to 10.5% over the past 5 years.
Debt Coverage: 6492's debt is well covered by operating cash flow (44.1%).
Interest Coverage: 6492 earns more interest than it pays, so coverage of interest payments is not a concern.