Menicon Balance Sheet Health
Financial Health criteria checks 4/6
Menicon has a total shareholder equity of ¥84.2B and total debt of ¥65.5B, which brings its debt-to-equity ratio to 77.8%. Its total assets and total liabilities are ¥183.3B and ¥99.1B respectively. Menicon's EBIT is ¥8.5B making its interest coverage ratio 17.6. It has cash and short-term investments of ¥44.7B.
Key information
77.8%
Debt to equity ratio
JP¥65.53b
Debt
| Interest coverage ratio | 17.6x |
| Cash | JP¥44.74b |
| Equity | JP¥84.24b |
| Total liabilities | JP¥99.06b |
| Total assets | JP¥183.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5FR's short term assets (¥85.1B) exceed its short term liabilities (¥48.5B).
Long Term Liabilities: 5FR's short term assets (¥85.1B) exceed its long term liabilities (¥50.6B).
Debt to Equity History and Analysis
Debt Level: 5FR's net debt to equity ratio (24.7%) is considered satisfactory.
Reducing Debt: 5FR's debt to equity ratio has increased from 51% to 77.8% over the past 5 years.
Debt Coverage: 5FR's debt is not well covered by operating cash flow (18.1%).
Interest Coverage: 5FR's interest payments on its debt are well covered by EBIT (17.6x coverage).