Menicon Balance Sheet Health
Financial Health criteria checks 4/6
Menicon has a total shareholder equity of ¥81.8B and total debt of ¥65.5B, which brings its debt-to-equity ratio to 80.1%. Its total assets and total liabilities are ¥179.8B and ¥98.0B respectively. Menicon's EBIT is ¥8.5B making its interest coverage ratio 14.7. It has cash and short-term investments of ¥46.9B.
Key information
80.1%
Debt to equity ratio
JP¥65.52b
Debt
Interest coverage ratio | 14.7x |
Cash | JP¥46.91b |
Equity | JP¥81.80b |
Total liabilities | JP¥98.01b |
Total assets | JP¥179.81b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5FR's short term assets (¥85.8B) exceed its short term liabilities (¥50.1B).
Long Term Liabilities: 5FR's short term assets (¥85.8B) exceed its long term liabilities (¥48.0B).
Debt to Equity History and Analysis
Debt Level: 5FR's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 5FR's debt to equity ratio has increased from 44.1% to 80.1% 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 (14.7x coverage).