J-Oil Mills Balance Sheet Health
Financial Health criteria checks 6/6
J-Oil Mills has a total shareholder equity of ¥104.1B and total debt of ¥24.2B, which brings its debt-to-equity ratio to 23.3%. Its total assets and total liabilities are ¥167.7B and ¥63.6B respectively. J-Oil Mills's EBIT is ¥7.8B making its interest coverage ratio -4.8. It has cash and short-term investments of ¥6.2B.
Key information
23.3%
Debt to equity ratio
JP¥24.24b
Debt
| Interest coverage ratio | -4.8x |
| Cash | JP¥6.19b |
| Equity | JP¥104.09b |
| Total liabilities | JP¥63.61b |
| Total assets | JP¥167.69b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2613's short term assets (¥98.6B) exceed its short term liabilities (¥31.8B).
Long Term Liabilities: 2613's short term assets (¥98.6B) exceed its long term liabilities (¥31.8B).
Debt to Equity History and Analysis
Debt Level: 2613's net debt to equity ratio (17.3%) is considered satisfactory.
Reducing Debt: 2613's debt to equity ratio has reduced from 24.1% to 23.3% over the past 5 years.
Debt Coverage: 2613's debt is well covered by operating cash flow (87.5%).
Interest Coverage: 2613 earns more interest than it pays, so coverage of interest payments is not a concern.