Olympic Group Balance Sheet Health
Financial Health criteria checks 2/6
Olympic Group has a total shareholder equity of ¥25.8B and total debt of ¥27.2B, which brings its debt-to-equity ratio to 105.5%. Its total assets and total liabilities are ¥65.0B and ¥39.2B respectively. Olympic Group's EBIT is ¥191.0M making its interest coverage ratio 1.8. It has cash and short-term investments of ¥3.0B.
Key information
105.5%
Debt to equity ratio
JP¥27.21b
Debt
Interest coverage ratio | 1.8x |
Cash | JP¥2.96b |
Equity | JP¥25.78b |
Total liabilities | JP¥39.22b |
Total assets | JP¥65.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8289's short term assets (¥16.3B) do not cover its short term liabilities (¥27.1B).
Long Term Liabilities: 8289's short term assets (¥16.3B) exceed its long term liabilities (¥12.1B).
Debt to Equity History and Analysis
Debt Level: 8289's net debt to equity ratio (94.1%) is considered high.
Reducing Debt: 8289's debt to equity ratio has reduced from 119.3% to 105.5% over the past 5 years.
Debt Coverage: 8289's debt is not well covered by operating cash flow (6.5%).
Interest Coverage: 8289's interest payments on its debt are not well covered by EBIT (1.8x coverage).