Ocean System Balance Sheet Health
Financial Health criteria checks 6/6
Ocean System has a total shareholder equity of ¥10.4B and total debt of ¥3.3B, which brings its debt-to-equity ratio to 31.6%. Its total assets and total liabilities are ¥23.6B and ¥13.3B respectively. Ocean System's EBIT is ¥1.9B making its interest coverage ratio 101. It has cash and short-term investments of ¥4.9B.
Key information
31.6%
Debt to equity ratio
JP¥3.27b
Debt
Interest coverage ratio | 101x |
Cash | JP¥4.90b |
Equity | JP¥10.36b |
Total liabilities | JP¥13.29b |
Total assets | JP¥23.65b |
Recent financial health updates
Recent updates
Statutory Profit Doesn't Reflect How Good Ocean System's (TSE:3096) Earnings Are
May 22The Attractive Combination That Could Earn Ocean System Corporation (TYO:3096) A Place In Your Dividend Portfolio
Apr 22With 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 14I 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 (¥10.7B) exceed its short term liabilities (¥8.8B).
Long Term Liabilities: 3096's short term assets (¥10.7B) exceed its long term liabilities (¥4.4B).
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 64.5% to 31.6% over the past 5 years.
Debt Coverage: 3096's debt is well covered by operating cash flow (105.6%).
Interest Coverage: 3096's interest payments on its debt are well covered by EBIT (101x coverage).