Onward Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Onward Holdings has a total shareholder equity of ¥85.0B and total debt of ¥37.7B, which brings its debt-to-equity ratio to 44.3%. Its total assets and total liabilities are ¥171.4B and ¥86.4B respectively. Onward Holdings's EBIT is ¥11.3B making its interest coverage ratio 18.4. It has cash and short-term investments of ¥14.1B.
Key information
44.3%
Debt to equity ratio
JP¥37.67b
Debt
| Interest coverage ratio | 18.4x |
| Cash | JP¥14.13b |
| Equity | JP¥84.99b |
| Total liabilities | JP¥86.37b |
| Total assets | JP¥171.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8016's short term assets (¥73.4B) exceed its short term liabilities (¥62.4B).
Long Term Liabilities: 8016's short term assets (¥73.4B) exceed its long term liabilities (¥24.0B).
Debt to Equity History and Analysis
Debt Level: 8016's net debt to equity ratio (27.7%) is considered satisfactory.
Reducing Debt: 8016's debt to equity ratio has increased from 37.8% to 44.3% over the past 5 years.
Debt Coverage: 8016's debt is not well covered by operating cash flow (10.6%).
Interest Coverage: 8016's interest payments on its debt are well covered by EBIT (18.4x coverage).