Oi Electric Balance Sheet Health
Financial Health criteria checks 3/6
Oi Electric has a total shareholder equity of ¥6.6B and total debt of ¥7.0B, which brings its debt-to-equity ratio to 107.4%. Its total assets and total liabilities are ¥21.6B and ¥15.1B respectively. Oi Electric's EBIT is ¥634.0M making its interest coverage ratio 7. It has cash and short-term investments of ¥2.6B.
Key information
107.4%
Debt to equity ratio
JP¥7.05b
Debt
| Interest coverage ratio | 7x |
| Cash | JP¥2.56b |
| Equity | JP¥6.56b |
| Total liabilities | JP¥15.05b |
| Total assets | JP¥21.61b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6822's short term assets (¥16.9B) exceed its short term liabilities (¥11.6B).
Long Term Liabilities: 6822's short term assets (¥16.9B) exceed its long term liabilities (¥3.5B).
Debt to Equity History and Analysis
Debt Level: 6822's net debt to equity ratio (68.4%) is considered high.
Reducing Debt: 6822's debt to equity ratio has increased from 7.7% to 107.4% over the past 5 years.
Debt Coverage: 6822's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6822's interest payments on its debt are well covered by EBIT (7x coverage).