Micronics Japan Balance Sheet Health
Financial Health criteria checks 6/6
Micronics Japan has a total shareholder equity of ¥41.2B and total debt of ¥1.3B, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are ¥55.8B and ¥14.6B respectively. Micronics Japan's EBIT is ¥5.3B making its interest coverage ratio -52.1. It has cash and short-term investments of ¥18.0B.
Key information
3.2%
Debt to equity ratio
JP¥1.34b
Debt
Interest coverage ratio | -52.1x |
Cash | JP¥17.99b |
Equity | JP¥41.20b |
Total liabilities | JP¥14.65b |
Total assets | JP¥55.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJ3's short term assets (¥34.6B) exceed its short term liabilities (¥12.1B).
Long Term Liabilities: MJ3's short term assets (¥34.6B) exceed its long term liabilities (¥2.6B).
Debt to Equity History and Analysis
Debt Level: MJ3 has more cash than its total debt.
Reducing Debt: MJ3's debt to equity ratio has reduced from 6.3% to 3.2% over the past 5 years.
Debt Coverage: MJ3's debt is well covered by operating cash flow (361.5%).
Interest Coverage: MJ3 earns more interest than it pays, so coverage of interest payments is not a concern.