JTEKT Balance Sheet Health
Financial Health criteria checks 6/6
JTEKT has a total shareholder equity of ¥822.8B and total debt of ¥241.9B, which brings its debt-to-equity ratio to 29.4%. Its total assets and total liabilities are ¥1,628.5B and ¥805.7B respectively. JTEKT's EBIT is ¥75.5B making its interest coverage ratio 160.7. It has cash and short-term investments of ¥169.9B.
Key information
29.4%
Debt to equity ratio
JP¥241.95b
Debt
Interest coverage ratio | 160.7x |
Cash | JP¥169.93b |
Equity | JP¥822.77b |
Total liabilities | JP¥805.74b |
Total assets | JP¥1.63t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: JTEK.Y's short term assets (¥805.5B) exceed its short term liabilities (¥482.2B).
Long Term Liabilities: JTEK.Y's short term assets (¥805.5B) exceed its long term liabilities (¥323.5B).
Debt to Equity History and Analysis
Debt Level: JTEK.Y's net debt to equity ratio (8.8%) is considered satisfactory.
Reducing Debt: JTEK.Y's debt to equity ratio has reduced from 47.9% to 29.4% over the past 5 years.
Debt Coverage: JTEK.Y's debt is well covered by operating cash flow (63.8%).
Interest Coverage: JTEK.Y's interest payments on its debt are well covered by EBIT (160.7x coverage).