Okamoto Industries Balance Sheet Health
Financial Health criteria checks 6/6
Okamoto Industries has a total shareholder equity of ¥91.6B and total debt of ¥3.4B, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are ¥143.9B and ¥52.3B respectively. Okamoto Industries's EBIT is ¥10.0B making its interest coverage ratio -9.7. It has cash and short-term investments of ¥39.9B.
Key information
3.7%
Debt to equity ratio
JP¥3.35b
Debt
Interest coverage ratio | -9.7x |
Cash | JP¥39.87b |
Equity | JP¥91.58b |
Total liabilities | JP¥52.28b |
Total assets | JP¥143.86b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5122's short term assets (¥85.5B) exceed its short term liabilities (¥37.0B).
Long Term Liabilities: 5122's short term assets (¥85.5B) exceed its long term liabilities (¥15.3B).
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 3.7% over the past 5 years.
Debt Coverage: 5122's debt is well covered by operating cash flow (386.8%).
Interest Coverage: 5122 earns more interest than it pays, so coverage of interest payments is not a concern.