Mitsubishi Heavy Industries Balance Sheet Health
Financial Health criteria checks 6/6
Mitsubishi Heavy Industries has a total shareholder equity of ¥2,360.7B and total debt of ¥1,143.0B, which brings its debt-to-equity ratio to 48.4%. Its total assets and total liabilities are ¥6,256.3B and ¥3,895.6B respectively. Mitsubishi Heavy Industries's EBIT is ¥280.4B making its interest coverage ratio -8.6. It has cash and short-term investments of ¥471.1B.
Key information
48.4%
Debt to equity ratio
JP¥1.14t
Debt
Interest coverage ratio | -8.6x |
Cash | JP¥471.06b |
Equity | JP¥2.36t |
Total liabilities | JP¥3.90t |
Total assets | JP¥6.26t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIH's short term assets (¥3,419.9B) exceed its short term liabilities (¥2,940.5B).
Long Term Liabilities: MIH's short term assets (¥3,419.9B) exceed its long term liabilities (¥955.1B).
Debt to Equity History and Analysis
Debt Level: MIH's net debt to equity ratio (28.5%) is considered satisfactory.
Reducing Debt: MIH's debt to equity ratio has reduced from 55.9% to 48.4% over the past 5 years.
Debt Coverage: MIH's debt is well covered by operating cash flow (29%).
Interest Coverage: MIH earns more interest than it pays, so coverage of interest payments is not a concern.