Menicon Balance Sheet Health
Financial Health criteria checks 4/6
Menicon has a total shareholder equity of ¥85.9B and total debt of ¥65.3B, which brings its debt-to-equity ratio to 76%. Its total assets and total liabilities are ¥183.3B and ¥97.4B respectively. Menicon's EBIT is ¥8.7B making its interest coverage ratio 18.4. It has cash and short-term investments of ¥40.5B.
Key information
76.0%
Debt to equity ratio
JP¥65.33b
Debt
| Interest coverage ratio | 18.4x |
| Cash | JP¥40.47b |
| Equity | JP¥85.92b |
| Total liabilities | JP¥97.41b |
| Total assets | JP¥183.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5FR's short term assets (¥80.9B) exceed its short term liabilities (¥47.3B).
Long Term Liabilities: 5FR's short term assets (¥80.9B) exceed its long term liabilities (¥50.1B).
Debt to Equity History and Analysis
Debt Level: 5FR's net debt to equity ratio (28.9%) is considered satisfactory.
Reducing Debt: 5FR's debt to equity ratio has increased from 34.6% to 76% over the past 5 years.
Debt Coverage: 5FR's debt is not well covered by operating cash flow (18%).
Interest Coverage: 5FR's interest payments on its debt are well covered by EBIT (18.4x coverage).