Meidensha Balance Sheet Health
Financial Health criteria checks 6/6
Meidensha has a total shareholder equity of ¥126.4B and total debt of ¥43.1B, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are ¥314.2B and ¥187.8B respectively. Meidensha's EBIT is ¥17.0B making its interest coverage ratio -242.9. It has cash and short-term investments of ¥23.0B.
Key information
34.1%
Debt to equity ratio
JP¥43.06b
Debt
| Interest coverage ratio | -242.9x |
| Cash | JP¥23.01b |
| Equity | JP¥126.38b |
| Total liabilities | JP¥187.78b |
| Total assets | JP¥314.16b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MW7's short term assets (¥191.9B) exceed its short term liabilities (¥109.1B).
Long Term Liabilities: MW7's short term assets (¥191.9B) exceed its long term liabilities (¥78.7B).
Debt to Equity History and Analysis
Debt Level: MW7's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: MW7's debt to equity ratio has reduced from 57.3% to 34.1% over the past 5 years.
Debt Coverage: MW7's debt is well covered by operating cash flow (34.5%).
Interest Coverage: MW7 earns more interest than it pays, so coverage of interest payments is not a concern.