Canon Balance Sheet Health
Financial Health criteria checks 5/6
Canon has a total shareholder equity of ¥3,509.1B and total debt of ¥735.0B, which brings its debt-to-equity ratio to 20.9%. Its total assets and total liabilities are ¥5,735.6B and ¥2,226.5B respectively. Canon's EBIT is ¥423.7B making its interest coverage ratio -33.6. It has cash and short-term investments of ¥555.6B.
Key information
20.9%
Debt to equity ratio
JP¥735.04b
Debt
| Interest coverage ratio | -33.6x |
| Cash | JP¥555.58b |
| Equity | JP¥3.51t |
| Total liabilities | JP¥2.23t |
| Total assets | JP¥5.74t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CNNA's short term assets (¥2,451.8B) exceed its short term liabilities (¥1,762.6B).
Long Term Liabilities: CNNA's short term assets (¥2,451.8B) exceed its long term liabilities (¥463.9B).
Debt to Equity History and Analysis
Debt Level: CNNA's net debt to equity ratio (5.1%) is considered satisfactory.
Reducing Debt: CNNA's debt to equity ratio has increased from 19% to 20.9% over the past 5 years.
Debt Coverage: CNNA's debt is well covered by operating cash flow (74.1%).
Interest Coverage: CNNA earns more interest than it pays, so coverage of interest payments is not a concern.