Makita Balance Sheet Health
Financial Health criteria checks 5/6
Makita has a total shareholder equity of ¥832.1B and total debt of ¥24.1B, which brings its debt-to-equity ratio to 2.9%. Its total assets and total liabilities are ¥997.2B and ¥165.1B respectively. Makita's EBIT is ¥49.1B making its interest coverage ratio -121.3. It has cash and short-term investments of ¥164.3B.
Key information
2.9%
Debt to equity ratio
JP¥24.12b
Debt
Interest coverage ratio | -121.3x |
Cash | JP¥164.32b |
Equity | JP¥832.13b |
Total liabilities | JP¥165.07b |
Total assets | JP¥997.20b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MK2A's short term assets (¥637.0B) exceed its short term liabilities (¥132.0B).
Long Term Liabilities: MK2A's short term assets (¥637.0B) exceed its long term liabilities (¥33.1B).
Debt to Equity History and Analysis
Debt Level: MK2A has more cash than its total debt.
Reducing Debt: MK2A's debt to equity ratio has increased from 1.1% to 2.9% over the past 5 years.
Debt Coverage: MK2A's debt is well covered by operating cash flow (978.3%).
Interest Coverage: MK2A earns more interest than it pays, so coverage of interest payments is not a concern.