Mitsubishi Balance Sheet Health
Financial Health criteria checks 6/6
Mitsubishi has a total shareholder equity of ¥10,094.8B and total debt of ¥5,128.0B, which brings its debt-to-equity ratio to 50.8%. Its total assets and total liabilities are ¥23,459.6B and ¥13,364.7B respectively. Mitsubishi's EBIT is ¥563.3B making its interest coverage ratio -4.9. It has cash and short-term investments of ¥1,351.1B.
Key information
50.8%
Debt to equity ratio
JP¥5.13t
Debt
Interest coverage ratio | -4.9x |
Cash | JP¥1.35t |
Equity | JP¥10.09t |
Total liabilities | JP¥13.36t |
Total assets | JP¥23.46t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MITT's short term assets (¥11,676.5B) exceed its short term liabilities (¥8,132.1B).
Long Term Liabilities: MITT's short term assets (¥11,676.5B) exceed its long term liabilities (¥5,232.7B).
Debt to Equity History and Analysis
Debt Level: MITT's net debt to equity ratio (37.4%) is considered satisfactory.
Reducing Debt: MITT's debt to equity ratio has reduced from 76.7% to 50.8% over the past 5 years.
Debt Coverage: MITT's debt is well covered by operating cash flow (26.3%).
Interest Coverage: MITT earns more interest than it pays, so coverage of interest payments is not a concern.