Okamoto Glass Balance Sheet Health
Financial Health criteria checks 1/6
Okamoto Glass has a total shareholder equity of ¥1.5B and total debt of ¥5.3B, which brings its debt-to-equity ratio to 354.1%. Its total assets and total liabilities are ¥8.0B and ¥6.5B respectively.
Key information
354.1%
Debt to equity ratio
JP¥5.30b
Debt
Interest coverage ratio | n/a |
Cash | JP¥1.50b |
Equity | JP¥1.50b |
Total liabilities | JP¥6.46b |
Total assets | JP¥7.96b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 7746's short term assets (¥4.1B) exceed its short term liabilities (¥2.3B).
Long Term Liabilities: 7746's short term assets (¥4.1B) do not cover its long term liabilities (¥4.1B).
Debt to Equity History and Analysis
Debt Level: 7746's net debt to equity ratio (254%) is considered high.
Reducing Debt: 7746's debt to equity ratio has increased from 145.3% to 354.1% over the past 5 years.
Debt Coverage: 7746's debt is not well covered by operating cash flow (2.2%).
Interest Coverage: Insufficient data to determine if 7746's interest payments on its debt are well covered by EBIT.