Meidensha Balance Sheet Health
Financial Health criteria checks 5/6
Meidensha has a total shareholder equity of ¥115.2B and total debt of ¥57.6B, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are ¥315.2B and ¥200.0B respectively. Meidensha's EBIT is ¥13.2B making its interest coverage ratio 190.6. It has cash and short-term investments of ¥21.4B.
Key information
50.0%
Debt to equity ratio
JP¥57.58b
Debt
Interest coverage ratio | 190.6x |
Cash | JP¥21.44b |
Equity | JP¥115.24b |
Total liabilities | JP¥199.98b |
Total assets | JP¥315.22b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MW7's short term assets (¥193.8B) exceed its short term liabilities (¥126.7B).
Long Term Liabilities: MW7's short term assets (¥193.8B) exceed its long term liabilities (¥73.3B).
Debt to Equity History and Analysis
Debt Level: MW7's net debt to equity ratio (31.4%) is considered satisfactory.
Reducing Debt: MW7's debt to equity ratio has reduced from 57.5% to 50% over the past 5 years.
Debt Coverage: MW7's debt is not well covered by operating cash flow (19%).
Interest Coverage: MW7's interest payments on its debt are well covered by EBIT (190.6x coverage).