Okayamaken Freight Transportation Balance Sheet Health
Financial Health criteria checks 4/6
Okayamaken Freight Transportation has a total shareholder equity of ¥22.5B and total debt of ¥13.6B, which brings its debt-to-equity ratio to 60.4%. Its total assets and total liabilities are ¥46.4B and ¥23.9B respectively. Okayamaken Freight Transportation's EBIT is ¥640.0M making its interest coverage ratio 6.5. It has cash and short-term investments of ¥5.9B.
Key information
60.4%
Debt to equity ratio
JP¥13.60b
Debt
| Interest coverage ratio | 6.5x |
| Cash | JP¥5.95b |
| Equity | JP¥22.52b |
| Total liabilities | JP¥23.91b |
| Total assets | JP¥46.43b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 9063's short term assets (¥12.5B) exceed its short term liabilities (¥10.7B).
Long Term Liabilities: 9063's short term assets (¥12.5B) do not cover its long term liabilities (¥13.2B).
Debt to Equity History and Analysis
Debt Level: 9063's net debt to equity ratio (34%) is considered satisfactory.
Reducing Debt: 9063's debt to equity ratio has reduced from 104.7% to 60.4% over the past 5 years.
Debt Coverage: 9063's debt is not well covered by operating cash flow (14.4%).
Interest Coverage: 9063's interest payments on its debt are well covered by EBIT (6.5x coverage).