Okamura Foods Balance Sheet Health
Financial Health criteria checks 3/6
Okamura Foods has a total shareholder equity of ¥10.0B and total debt of ¥14.4B, which brings its debt-to-equity ratio to 144.2%. Its total assets and total liabilities are ¥30.1B and ¥20.1B respectively. Okamura Foods's EBIT is ¥3.2B making its interest coverage ratio 23.3. It has cash and short-term investments of ¥2.1B.
Key information
144.2%
Debt to equity ratio
JP¥14.37b
Debt
Interest coverage ratio | 23.3x |
Cash | JP¥2.06b |
Equity | JP¥9.97b |
Total liabilities | JP¥20.14b |
Total assets | JP¥30.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2938's short term assets (¥22.6B) exceed its short term liabilities (¥15.4B).
Long Term Liabilities: 2938's short term assets (¥22.6B) exceed its long term liabilities (¥4.7B).
Debt to Equity History and Analysis
Debt Level: 2938's net debt to equity ratio (123.5%) is considered high.
Reducing Debt: Insufficient data to determine if 2938's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: Insufficient data to determine if 2938's debt is well covered by operating cash flow.
Interest Coverage: 2938's interest payments on its debt are well covered by EBIT (23.3x coverage).