Onward Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Onward Holdings has a total shareholder equity of ¥81.3B and total debt of ¥39.4B, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are ¥169.7B and ¥88.4B respectively. Onward Holdings's EBIT is ¥11.5B making its interest coverage ratio 23.2. It has cash and short-term investments of ¥13.7B.
Key information
48.4%
Debt to equity ratio
JP¥39.38b
Debt
| Interest coverage ratio | 23.2x |
| Cash | JP¥13.66b |
| Equity | JP¥81.35b |
| Total liabilities | JP¥88.36b |
| Total assets | JP¥169.70b |
Recent financial health updates
No updates
Recent updates
We Think Onward Holdings' (TSE:8016) Robust Earnings Are Conservative
Oct 11
Solid Earnings Reflect Onward Holdings' (TSE:8016) Strength As A Business
Apr 11Onward Holdings Co., Ltd. Just Recorded A 17% EPS Beat: Here's What Analysts Are Forecasting Next
Apr 08Earnings Not Telling The Story For Onward Holdings Co., Ltd. (TSE:8016) After Shares Rise 27%
Apr 05Financial Position Analysis
Short Term Liabilities: 8016's short term assets (¥72.1B) exceed its short term liabilities (¥60.9B).
Long Term Liabilities: 8016's short term assets (¥72.1B) exceed its long term liabilities (¥27.5B).
Debt to Equity History and Analysis
Debt Level: 8016's net debt to equity ratio (31.6%) is considered satisfactory.
Reducing Debt: 8016's debt to equity ratio has reduced from 56.6% to 48.4% over the past 5 years.
Debt Coverage: 8016's debt is well covered by operating cash flow (23.3%).
Interest Coverage: 8016's interest payments on its debt are well covered by EBIT (23.2x coverage).