Mitsubishi Chemical Group Balance Sheet Health
Financial Health criteria checks 5/6
Mitsubishi Chemical Group has a total shareholder equity of ¥2,177.5B and total debt of ¥2,286.7B, which brings its debt-to-equity ratio to 105%. Its total assets and total liabilities are ¥5,984.6B and ¥3,807.1B respectively. Mitsubishi Chemical Group's EBIT is ¥484.7B making its interest coverage ratio 18.3. It has cash and short-term investments of ¥436.9B.
Key information
105.0%
Debt to equity ratio
JP¥2.29t
Debt
Interest coverage ratio | 18.3x |
Cash | JP¥436.89b |
Equity | JP¥2.18t |
Total liabilities | JP¥3.81t |
Total assets | JP¥5.98t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: M3C's short term assets (¥2,259.0B) exceed its short term liabilities (¥1,683.5B).
Long Term Liabilities: M3C's short term assets (¥2,259.0B) exceed its long term liabilities (¥2,123.6B).
Debt to Equity History and Analysis
Debt Level: M3C's net debt to equity ratio (85%) is considered high.
Reducing Debt: M3C's debt to equity ratio has reduced from 114.3% to 105% over the past 5 years.
Debt Coverage: M3C's debt is well covered by operating cash flow (20.4%).
Interest Coverage: M3C's interest payments on its debt are well covered by EBIT (18.3x coverage).