Can Idemitsu Kosan Generate Enough Cash From Oil to Fund Transition?
Andrew Stolz
JANUARY 28, 2022
As of 2021, Idemitsu has a cash-to-assets ratio of 3%. Its net-debt to equity ratio stood at 0.9x Historically, Japan has a very low risk-free rate. The Japanese gov’t announced to release some of its oil reserve to prevent a further spike in price. Balance sheet – Idemitsu Kosan.
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