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
CashJP¥597.68b
EquityJP¥3.81t
Total liabilitiesJP¥2.24t
Total assetsJP¥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.


Balance Sheet


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