JTEKT Balance Sheet Health
Financial Health criteria checks 6/6
JTEKT has a total shareholder equity of ¥700.7B and total debt of ¥255.2B, which brings its debt-to-equity ratio to 36.4%. Its total assets and total liabilities are ¥1,441.4B and ¥740.6B respectively. JTEKT's EBIT is ¥52.2B making its interest coverage ratio 65.2. It has cash and short-term investments of ¥127.4B.
Key information
36.4%
Debt to equity ratio
JP¥255.17b
Debt
| Interest coverage ratio | 65.2x |
| Cash | JP¥127.40b |
| Equity | JP¥700.74b |
| Total liabilities | JP¥740.62b |
| Total assets | JP¥1.44t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JTEK.F's short term assets (¥735.3B) exceed its short term liabilities (¥427.8B).
Long Term Liabilities: JTEK.F's short term assets (¥735.3B) exceed its long term liabilities (¥312.9B).
Debt to Equity History and Analysis
Debt Level: JTEK.F's net debt to equity ratio (18.2%) is considered satisfactory.
Reducing Debt: JTEK.F's debt to equity ratio has reduced from 48% to 36.4% over the past 5 years.
Debt Coverage: JTEK.F's debt is well covered by operating cash flow (30.7%).
Interest Coverage: JTEK.F's interest payments on its debt are well covered by EBIT (65.2x coverage).