Mitsubishi Balance Sheet Health
Financial Health criteria checks 6/6
Mitsubishi has a total shareholder equity of ¥9,816.5B and total debt of ¥5,255.1B, which brings its debt-to-equity ratio to 53.5%. Its total assets and total liabilities are ¥23,227.0B and ¥13,410.5B respectively. Mitsubishi's EBIT is ¥725.8B making its interest coverage ratio -9.2. It has cash and short-term investments of ¥1,896.8B.
Key information
53.5%
Debt to equity ratio
JP¥5.26t
Debt
Interest coverage ratio | -9.2x |
Cash | JP¥1.90t |
Equity | JP¥9.82t |
Total liabilities | JP¥13.41t |
Total assets | JP¥23.23t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MBI's short term assets (¥9,553.4B) exceed its short term liabilities (¥7,148.0B).
Long Term Liabilities: MBI's short term assets (¥9,553.4B) exceed its long term liabilities (¥6,262.5B).
Debt to Equity History and Analysis
Debt Level: MBI's net debt to equity ratio (34.2%) is considered satisfactory.
Reducing Debt: MBI's debt to equity ratio has reduced from 81.6% to 53.5% over the past 5 years.
Debt Coverage: MBI's debt is well covered by operating cash flow (28.7%).
Interest Coverage: MBI earns more interest than it pays, so coverage of interest payments is not a concern.