Oi Electric Balance Sheet Health
Financial Health criteria checks 5/6
Oi Electric has a total shareholder equity of ¥7.9B and total debt of ¥6.5B, which brings its debt-to-equity ratio to 82%. Its total assets and total liabilities are ¥21.9B and ¥13.9B respectively. Oi Electric's EBIT is ¥1.3B making its interest coverage ratio 12.8. It has cash and short-term investments of ¥4.1B.
Key information
82.0%
Debt to equity ratio
JP¥6.50b
Debt
| Interest coverage ratio | 12.8x |
| Cash | JP¥4.10b |
| Equity | JP¥7.94b |
| Total liabilities | JP¥13.92b |
| Total assets | JP¥21.86b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6822's short term assets (¥16.7B) exceed its short term liabilities (¥11.0B).
Long Term Liabilities: 6822's short term assets (¥16.7B) exceed its long term liabilities (¥3.0B).
Debt to Equity History and Analysis
Debt Level: 6822's net debt to equity ratio (30.3%) is considered satisfactory.
Reducing Debt: 6822's debt to equity ratio has increased from 2.2% to 82% over the past 5 years.
Debt Coverage: 6822's debt is well covered by operating cash flow (46.5%).
Interest Coverage: 6822's interest payments on its debt are well covered by EBIT (12.8x coverage).