J-Oil Mills Balance Sheet Health
Financial Health criteria checks 5/6
J-Oil Mills has a total shareholder equity of ¥98.6B and total debt of ¥29.8B, which brings its debt-to-equity ratio to 30.3%. Its total assets and total liabilities are ¥168.6B and ¥70.0B respectively. J-Oil Mills's EBIT is ¥7.2B making its interest coverage ratio -13.5. It has cash and short-term investments of ¥3.9B.
Key information
30.3%
Debt to equity ratio
JP¥29.84b
Debt
Interest coverage ratio | -13.5x |
Cash | JP¥3.94b |
Equity | JP¥98.60b |
Total liabilities | JP¥70.04b |
Total assets | JP¥168.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2613's short term assets (¥101.6B) exceed its short term liabilities (¥37.2B).
Long Term Liabilities: 2613's short term assets (¥101.6B) exceed its long term liabilities (¥32.8B).
Debt to Equity History and Analysis
Debt Level: 2613's net debt to equity ratio (26.3%) is considered satisfactory.
Reducing Debt: 2613's debt to equity ratio has increased from 28.3% to 30.3% over the past 5 years.
Debt Coverage: 2613's debt is well covered by operating cash flow (53.8%).
Interest Coverage: 2613 earns more interest than it pays, so coverage of interest payments is not a concern.