Meiji Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Meiji Holdings has a total shareholder equity of ¥790.7B and total debt of ¥69.0B, which brings its debt-to-equity ratio to 8.7%. Its total assets and total liabilities are ¥1,202.7B and ¥412.0B respectively. Meiji Holdings's EBIT is ¥85.3B making its interest coverage ratio -66.2. It has cash and short-term investments of ¥90.9B.
Key information
8.7%
Debt to equity ratio
JP¥68.97b
Debt
| Interest coverage ratio | -66.2x |
| Cash | JP¥90.89b |
| Equity | JP¥790.74b |
| Total liabilities | JP¥411.96b |
| Total assets | JP¥1.20t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3M0's short term assets (¥556.7B) exceed its short term liabilities (¥317.2B).
Long Term Liabilities: 3M0's short term assets (¥556.7B) exceed its long term liabilities (¥94.8B).
Debt to Equity History and Analysis
Debt Level: 3M0 has more cash than its total debt.
Reducing Debt: 3M0's debt to equity ratio has reduced from 25.2% to 8.7% over the past 5 years.
Debt Coverage: 3M0's debt is well covered by operating cash flow (124.9%).
Interest Coverage: 3M0 earns more interest than it pays, so coverage of interest payments is not a concern.