ONEX Balance Sheet Health
Financial Health criteria checks 6/6
ONEX has a total shareholder equity of ¥5.3B and total debt of ¥2.3B, which brings its debt-to-equity ratio to 43.8%. Its total assets and total liabilities are ¥8.9B and ¥3.6B respectively. ONEX's EBIT is ¥52.0M making its interest coverage ratio 6.5. It has cash and short-term investments of ¥2.7B.
Key information
43.8%
Debt to equity ratio
JP¥2.31b
Debt
| Interest coverage ratio | 6.5x |
| Cash | JP¥2.72b |
| Equity | JP¥5.28b |
| Total liabilities | JP¥3.61b |
| Total assets | JP¥8.89b |
Financial Position Analysis
Short Term Liabilities: 5987's short term assets (¥4.5B) exceed its short term liabilities (¥1.8B).
Long Term Liabilities: 5987's short term assets (¥4.5B) exceed its long term liabilities (¥1.9B).
Debt to Equity History and Analysis
Debt Level: 5987 has more cash than its total debt.
Reducing Debt: 5987's debt to equity ratio has reduced from 48.1% to 43.8% over the past 5 years.
Debt Coverage: 5987's debt is well covered by operating cash flow (35.8%).
Interest Coverage: 5987's interest payments on its debt are well covered by EBIT (6.5x coverage).