Onward Holdings Balance Sheet Health
Financial Health criteria checks 4/6
Onward Holdings has a total shareholder equity of ¥82.4B and total debt of ¥44.1B, which brings its debt-to-equity ratio to 53.5%. Its total assets and total liabilities are ¥172.8B and ¥90.4B respectively. Onward Holdings's EBIT is ¥10.9B making its interest coverage ratio 22.3. It has cash and short-term investments of ¥13.3B.
Key information
53.5%
Debt to equity ratio
JP¥44.14b
Debt
Interest coverage ratio | 22.3x |
Cash | JP¥13.35b |
Equity | JP¥82.44b |
Total liabilities | JP¥90.40b |
Total assets | JP¥172.84b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8016's short term assets (¥72.3B) exceed its short term liabilities (¥61.7B).
Long Term Liabilities: 8016's short term assets (¥72.3B) exceed its long term liabilities (¥28.7B).
Debt to Equity History and Analysis
Debt Level: 8016's net debt to equity ratio (37.3%) is considered satisfactory.
Reducing Debt: 8016's debt to equity ratio has increased from 46.2% to 53.5% over the past 5 years.
Debt Coverage: 8016's debt is not well covered by operating cash flow (9.1%).
Interest Coverage: 8016's interest payments on its debt are well covered by EBIT (22.3x coverage).