Canon Balance Sheet Health
Financial Health criteria checks 5/6
Canon has a total shareholder equity of ¥3,679.1B and total debt of ¥573.5B, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are ¥5,741.2B and ¥2,062.0B respectively. Canon's EBIT is ¥382.1B making its interest coverage ratio -30.8. It has cash and short-term investments of ¥513.4B.
Key information
15.6%
Debt to equity ratio
JP¥573.50b
Debt
Interest coverage ratio | -30.8x |
Cash | JP¥513.44b |
Equity | JP¥3.68t |
Total liabilities | JP¥2.06t |
Total assets | JP¥5.74t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNN1's short term assets (¥2,434.1B) exceed its short term liabilities (¥1,583.7B).
Long Term Liabilities: CNN1's short term assets (¥2,434.1B) exceed its long term liabilities (¥478.3B).
Debt to Equity History and Analysis
Debt Level: CNN1's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: CNN1's debt to equity ratio has increased from 13.7% to 15.6% over the past 5 years.
Debt Coverage: CNN1's debt is well covered by operating cash flow (79.3%).
Interest Coverage: CNN1 earns more interest than it pays, so coverage of interest payments is not a concern.