Okamura Foods Balance Sheet Health
Financial Health criteria checks 3/6
Okamura Foods has a total shareholder equity of ¥15.3B and total debt of ¥18.5B, which brings its debt-to-equity ratio to 121%. Its total assets and total liabilities are ¥41.1B and ¥25.8B respectively. Okamura Foods's EBIT is ¥2.6B making its interest coverage ratio 12.8. It has cash and short-term investments of ¥7.4B.
Key information
121.0%
Debt to equity ratio
JP¥18.48b
Debt
| Interest coverage ratio | 12.8x |
| Cash | JP¥7.37b |
| Equity | JP¥15.27b |
| Total liabilities | JP¥25.85b |
| Total assets | JP¥41.12b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2938's short term assets (¥30.7B) exceed its short term liabilities (¥19.8B).
Long Term Liabilities: 2938's short term assets (¥30.7B) exceed its long term liabilities (¥6.0B).
Debt to Equity History and Analysis
Debt Level: 2938's net debt to equity ratio (72.8%) 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: 2938's debt is not well covered by operating cash flow (1.5%).
Interest Coverage: 2938's interest payments on its debt are well covered by EBIT (12.8x coverage).