Okayamaken Freight Transportation Balance Sheet Health
Financial Health criteria checks 4/6
Okayamaken Freight Transportation has a total shareholder equity of ¥22.8B and total debt of ¥14.1B, which brings its debt-to-equity ratio to 61.7%. Its total assets and total liabilities are ¥47.1B and ¥24.3B respectively. Okayamaken Freight Transportation's EBIT is ¥758.0M making its interest coverage ratio 9.6. It has cash and short-term investments of ¥6.6B.
Key information
61.7%
Debt to equity ratio
JP¥14.07b
Debt
| Interest coverage ratio | 9.6x |
| Cash | JP¥6.63b |
| Equity | JP¥22.79b |
| Total liabilities | JP¥24.29b |
| Total assets | JP¥47.08b |
Recent financial health updates
Recent updates
Okayamaken Freight Transportation's (TSE:9063) Shareholders Have More To Worry About Than Only Soft Earnings
Nov 19
Okayamaken Freight Transportation (TSE:9063) Seems To Be Using A Lot Of Debt
Aug 08We Think That There Are Some Issues For Okayamaken Freight Transportation (TSE:9063) Beyond Its Promising Earnings
May 21Financial Position Analysis
Short Term Liabilities: 9063's short term assets (¥12.8B) do not cover its short term liabilities (¥13.1B).
Long Term Liabilities: 9063's short term assets (¥12.8B) exceed its long term liabilities (¥11.2B).
Debt to Equity History and Analysis
Debt Level: 9063's net debt to equity ratio (32.6%) is considered satisfactory.
Reducing Debt: 9063's debt to equity ratio has reduced from 92.4% to 61.7% over the past 5 years.
Debt Coverage: 9063's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: 9063's interest payments on its debt are well covered by EBIT (9.6x coverage).