Mitsubishi Heavy Industries Balance Sheet Health
Financial Health criteria checks 6/6
Mitsubishi Heavy Industries has a total shareholder equity of ¥2,377.1B and total debt of ¥1,382.0B, which brings its debt-to-equity ratio to 58.1%. Its total assets and total liabilities are ¥6,477.1B and ¥4,100.0B respectively. Mitsubishi Heavy Industries's EBIT is ¥340.1B making its interest coverage ratio 6.2. It has cash and short-term investments of ¥535.8B.
Key information
58.1%
Debt to equity ratio
JP¥1.38t
Debt
| Interest coverage ratio | 6.2x |
| Cash | JP¥535.84b |
| Equity | JP¥2.38t |
| Total liabilities | JP¥4.10t |
| Total assets | JP¥6.48t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIH0's short term assets (¥3,701.4B) exceed its short term liabilities (¥3,075.4B).
Long Term Liabilities: MIH0's short term assets (¥3,701.4B) exceed its long term liabilities (¥1,024.6B).
Debt to Equity History and Analysis
Debt Level: MIH0's net debt to equity ratio (35.6%) is considered satisfactory.
Reducing Debt: MIH0's debt to equity ratio has reduced from 73.3% to 58.1% over the past 5 years.
Debt Coverage: MIH0's debt is well covered by operating cash flow (36.4%).
Interest Coverage: MIH0's interest payments on its debt are well covered by EBIT (6.2x coverage).