Mitsubishi Gas Chemical Company Balance Sheet Health
Financial Health criteria checks 5/6
Mitsubishi Gas Chemical Company has a total shareholder equity of ¥706.1B and total debt of ¥168.8B, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are ¥1,087.5B and ¥381.4B respectively. Mitsubishi Gas Chemical Company's EBIT is ¥59.0B making its interest coverage ratio -44.1. It has cash and short-term investments of ¥71.8B.
Key information
23.9%
Debt to equity ratio
JP¥168.83b
Debt
| Interest coverage ratio | -44.1x |
| Cash | JP¥71.79b |
| Equity | JP¥706.11b |
| Total liabilities | JP¥381.44b |
| Total assets | JP¥1.09t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MUG's short term assets (¥454.6B) exceed its short term liabilities (¥241.9B).
Long Term Liabilities: MUG's short term assets (¥454.6B) exceed its long term liabilities (¥139.5B).
Debt to Equity History and Analysis
Debt Level: MUG's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: MUG's debt to equity ratio has increased from 15.4% to 23.9% over the past 5 years.
Debt Coverage: MUG's debt is well covered by operating cash flow (42.7%).
Interest Coverage: MUG earns more interest than it pays, so coverage of interest payments is not a concern.