Mitsubishi Motors Balance Sheet Health
Financial Health criteria checks 5/6
Mitsubishi Motors has a total shareholder equity of ¥947.4B and total debt of ¥450.1B, which brings its debt-to-equity ratio to 47.5%. Its total assets and total liabilities are ¥2,343.6B and ¥1,396.2B respectively. Mitsubishi Motors's EBIT is ¥196.9B making its interest coverage ratio -23.3. It has cash and short-term investments of ¥639.0B.
Key information
47.5%
Debt to equity ratio
JP¥450.05b
Debt
Interest coverage ratio | -23.3x |
Cash | JP¥639.02b |
Equity | JP¥947.43b |
Total liabilities | JP¥1.40t |
Total assets | JP¥2.34t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMO's short term assets (¥1,572.0B) exceed its short term liabilities (¥1,176.9B).
Long Term Liabilities: MMO's short term assets (¥1,572.0B) exceed its long term liabilities (¥219.3B).
Debt to Equity History and Analysis
Debt Level: MMO has more cash than its total debt.
Reducing Debt: MMO's debt to equity ratio has increased from 26.1% to 47.5% over the past 5 years.
Debt Coverage: MMO's debt is well covered by operating cash flow (38.5%).
Interest Coverage: MMO earns more interest than it pays, so coverage of interest payments is not a concern.