Canon Balance Sheet Health
Financial Health criteria checks 5/6
Canon has a total shareholder equity of ¥3,806.9B and total debt of ¥636.5B, which brings its debt-to-equity ratio to 16.7%. Its total assets and total liabilities are ¥6,043.4B and ¥2,236.6B respectively. Canon's EBIT is ¥402.3B making its interest coverage ratio -31.7. It has cash and short-term investments of ¥597.7B.
Key information
16.7%
Debt to equity ratio
JP¥636.49b
Debt
| Interest coverage ratio | -31.7x |
| Cash | JP¥597.68b |
| Equity | JP¥3.81t |
| Total liabilities | JP¥2.24t |
| Total assets | JP¥6.04t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNN1's short term assets (¥2,611.3B) exceed its short term liabilities (¥1,740.3B).
Long Term Liabilities: CNN1's short term assets (¥2,611.3B) exceed its long term liabilities (¥496.3B).
Debt to Equity History and Analysis
Debt Level: CNN1's net debt to equity ratio (1%) is considered satisfactory.
Reducing Debt: CNN1's debt to equity ratio has increased from 15% to 16.7% over the past 5 years.
Debt Coverage: CNN1's debt is well covered by operating cash flow (84.7%).
Interest Coverage: CNN1 earns more interest than it pays, so coverage of interest payments is not a concern.