Okamoto Glass Balance Sheet Health
Financial Health criteria checks 2/6
Okamoto Glass has a total shareholder equity of ¥1.6B and total debt of ¥5.3B, which brings its debt-to-equity ratio to 327.5%. Its total assets and total liabilities are ¥7.9B and ¥6.3B respectively. Okamoto Glass's EBIT is ¥116.0M making its interest coverage ratio 2.2. It has cash and short-term investments of ¥1.6B.
Key information
327.5%
Debt to equity ratio
JP¥5.27b
Debt
| Interest coverage ratio | 2.2x |
| Cash | JP¥1.65b |
| Equity | JP¥1.61b |
| Total liabilities | JP¥6.31b |
| Total assets | JP¥7.92b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 7746's short term assets (¥3.9B) exceed its short term liabilities (¥2.8B).
Long Term Liabilities: 7746's short term assets (¥3.9B) exceed its long term liabilities (¥3.6B).
Debt to Equity History and Analysis
Debt Level: 7746's net debt to equity ratio (225.3%) is considered high.
Reducing Debt: 7746's debt to equity ratio has increased from 156.6% to 327.5% over the past 5 years.
Debt Coverage: 7746's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: 7746's interest payments on its debt are not well covered by EBIT (2.2x coverage).