Micronics Japan Balance Sheet Health
Financial Health criteria checks 6/6
Micronics Japan has a total shareholder equity of ¥46.5B and total debt of ¥1.2B, which brings its debt-to-equity ratio to 2.5%. Its total assets and total liabilities are ¥68.3B and ¥21.8B respectively. Micronics Japan's EBIT is ¥11.3B making its interest coverage ratio -112.9. It has cash and short-term investments of ¥21.0B.
Key information
2.5%
Debt to equity ratio
JP¥1.17b
Debt
| Interest coverage ratio | -112.9x |
| Cash | JP¥20.96b |
| Equity | JP¥46.55b |
| Total liabilities | JP¥21.79b |
| Total assets | JP¥68.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJ3's short term assets (¥39.9B) exceed its short term liabilities (¥19.1B).
Long Term Liabilities: MJ3's short term assets (¥39.9B) exceed its long term liabilities (¥2.7B).
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 7.1% to 2.5% over the past 5 years.
Debt Coverage: MJ3's debt is well covered by operating cash flow (980.7%).
Interest Coverage: MJ3 earns more interest than it pays, so coverage of interest payments is not a concern.