Ocean System Balance Sheet Health
Financial Health criteria checks 6/6
Ocean System has a total shareholder equity of ¥10.3B and total debt of ¥3.5B, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are ¥24.3B and ¥14.0B respectively. Ocean System's EBIT is ¥1.8B making its interest coverage ratio 106. It has cash and short-term investments of ¥4.6B.
Key information
34.1%
Debt to equity ratio
JP¥3.51b
Debt
| Interest coverage ratio | 106x |
| Cash | JP¥4.60b |
| Equity | JP¥10.28b |
| Total liabilities | JP¥13.98b |
| Total assets | JP¥24.26b |
Recent financial health updates
Recent updates
The Attractive Combination That Could Earn Ocean System Corporation (TYO:3096) A Place In Your Dividend Portfolio
Apr 22
With EPS Growth And More, Ocean System (TYO:3096) Is Interesting
Apr 07How Much Of Ocean System Corporation (TYO:3096) Do Insiders Own?
Mar 20Can Ocean System (TYO:3096) Continue To Grow Its Returns On Capital?
Mar 07Can You Imagine How Ocean System's (TYO:3096) Shareholders Feel About The 34% Share Price Increase?
Feb 22Ocean System (TYO:3096) Has A Pretty Healthy Balance Sheet
Feb 09Ocean System Corporation (TYO:3096) Stock Has Shown Weakness Lately But Financials Look Strong: Should Prospective Shareholders Make The Leap?
Jan 27Is Ocean System Corporation (TYO:3096) An Attractive Dividend Stock?
Jan 14
I Ran A Stock Scan For Earnings Growth And Ocean System (TYO:3096) Passed With Ease
Jan 01Here's What Ocean System Corporation's (TYO:3096) Shareholder Ownership Structure Looks Like
Dec 19Will the Promising Trends At Ocean System (TYO:3096) Continue?
Dec 06Ocean System (TYO:3096) Shareholders Have Enjoyed A 34% Share Price Gain
Nov 23Financial Position Analysis
Short Term Liabilities: 3096's short term assets (¥11.1B) exceed its short term liabilities (¥9.3B).
Long Term Liabilities: 3096's short term assets (¥11.1B) exceed its long term liabilities (¥4.7B).
Debt to Equity History and Analysis
Debt Level: 3096 has more cash than its total debt.
Reducing Debt: 3096's debt to equity ratio has reduced from 55.4% to 34.1% over the past 5 years.
Debt Coverage: 3096's debt is well covered by operating cash flow (66.8%).
Interest Coverage: 3096's interest payments on its debt are well covered by EBIT (106x coverage).