Our financial target is over 50% of Equity Ratio and under 20% of Net Debt / Net Total Capital Employed. As of March 31, 2011, we maintain a high degree of stability, with our Net Debt / Net Total Capital Employed at negative 48.9%.
- Net assets excluding Minority interests = Net assets – Minority interests
- Interest-bearing debt = Short-term borrowings + Long-term debt
- Net debt =
(Interest-bearing debt – Cash and deposits – Public and corporate bonds and other debt securities (with determinablevalue) – MMF, Short-term bonds with repurchase agreements and Certificate of deposit) - Equity ratio = (Net assets – Minority interests) / Total assets
- Current ratio = Current asset / Current liabilities
- Fixed ratio = Fixed assets / (Net assets – Minority interests)
- D/E Ratio = Interest-bearing debt / (Net assets – Minority interests)
- Net debt / Total capital employed (Net) =
Net debt / (Net assets + Interest-bearing debt – Cash and deposits – Public and corporate bonds and other debt securities (with determinable value) – MMF, Short-term bonds with repurchase agreements and Certificate of deposit)
¥ million
| Years ended March 31 | 2007 | 2008 | 2009 | 2010 | 2011 |
|---|---|---|---|---|---|
| Total assets | 1,608,106 | 1,807,900 | 1,768,044 | 2,013,778 | 2,680,379 |
| Net assets excluding minority Interests | 1,028,894 | 1,157,370 | 1,271,122 | 1,387,499 | 1,996,889 |
| Interest-bearing debt | 248,969 | 194,087 | 164,246 | 240,382 | 273,147 |
| Net debt | -169,664 | -328,351 | -324,108 | -349,211 | -688,806 |
| Equity ratio | 64.0% | 64.0% | 71.9% | 68.9% | 74.5% |
| Current ratio | 178% | 174% | 200% | 216% | 194% |
| Fixed ratio | 110% | 107% | 107% | 110% | 110% |
| D/E ratio | 24.2% | 16.8% | 12.9% | 17.3% | 13.7% |
| Net debt / Total capital employed (Net) | -18.6% | -36.1% | -31.2% | -30.6% | -48.9% |
![Earnings Highlights[INPEX CORPORATION until Mar. 2006]](../img/menu05_11.gif){kind=small}
![Earnings Highlights[Teikoku Oil until Mar. 2006]](../img/menu05_12.gif){kind=small}
