Okaya Electric Industries Balance Sheet Health
Financial Health criteria checks 5/6
Okaya Electric Industries has a total shareholder equity of ¥9.0B and total debt of ¥4.6B, which brings its debt-to-equity ratio to 50.8%. Its total assets and total liabilities are ¥17.1B and ¥8.0B respectively. Okaya Electric Industries's EBIT is ¥401.0M making its interest coverage ratio -12.5. It has cash and short-term investments of ¥4.9B.
Key information
50.8%
Debt to equity ratio
JP¥4.59b
Debt
Interest coverage ratio | -12.5x |
Cash | JP¥4.89b |
Equity | JP¥9.04b |
Total liabilities | JP¥8.02b |
Total assets | JP¥17.06b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6926's short term assets (¥11.6B) exceed its short term liabilities (¥4.9B).
Long Term Liabilities: 6926's short term assets (¥11.6B) exceed its long term liabilities (¥3.1B).
Debt to Equity History and Analysis
Debt Level: 6926 has more cash than its total debt.
Reducing Debt: 6926's debt to equity ratio has increased from 35.4% to 50.8% over the past 5 years.
Debt Coverage: 6926's debt is well covered by operating cash flow (45.8%).
Interest Coverage: 6926 earns more interest than it pays, so coverage of interest payments is not a concern.