Okamoto Industries Balance Sheet Health
Financial Health criteria checks 6/6
Okamoto Industries has a total shareholder equity of ¥88.8B and total debt of ¥3.5B, which brings its debt-to-equity ratio to 4%. Its total assets and total liabilities are ¥140.1B and ¥51.3B respectively. Okamoto Industries's EBIT is ¥9.6B making its interest coverage ratio -9.5. It has cash and short-term investments of ¥35.7B.
Key information
4.0%
Debt to equity ratio
JP¥3.54b
Debt
Interest coverage ratio | -9.5x |
Cash | JP¥35.69b |
Equity | JP¥88.78b |
Total liabilities | JP¥51.31b |
Total assets | JP¥140.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5122's short term assets (¥84.1B) exceed its short term liabilities (¥37.8B).
Long Term Liabilities: 5122's short term assets (¥84.1B) exceed its long term liabilities (¥13.5B).
Debt to Equity History and Analysis
Debt Level: 5122 has more cash than its total debt.
Reducing Debt: 5122's debt to equity ratio has reduced from 5.6% to 4% over the past 5 years.
Debt Coverage: 5122's debt is well covered by operating cash flow (255.5%).
Interest Coverage: 5122 earns more interest than it pays, so coverage of interest payments is not a concern.