Makita Balance Sheet Health
Financial Health criteria checks 6/6
Makita has a total shareholder equity of ¥881.6B and total debt of ¥13.0B, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are ¥1,047.0B and ¥165.4B respectively. Makita's EBIT is ¥85.8B making its interest coverage ratio -23.1. It has cash and short-term investments of ¥229.9B.
Key information
1.5%
Debt to equity ratio
JP¥13.00b
Debt
| Interest coverage ratio | -23.1x |
| Cash | JP¥229.86b |
| Equity | JP¥881.56b |
| Total liabilities | JP¥165.39b |
| Total assets | JP¥1.05t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MK2's short term assets (¥695.9B) exceed its short term liabilities (¥133.9B).
Long Term Liabilities: MK2's short term assets (¥695.9B) exceed its long term liabilities (¥31.5B).
Debt to Equity History and Analysis
Debt Level: MK2 has more cash than its total debt.
Reducing Debt: MK2's debt to equity ratio has reduced from 2% to 1.5% over the past 5 years.
Debt Coverage: MK2's debt is well covered by operating cash flow (1474.2%).
Interest Coverage: MK2 earns more interest than it pays, so coverage of interest payments is not a concern.