Meiko Electronics Balance Sheet Health
Financial Health criteria checks 5/6
Meiko Electronics has a total shareholder equity of ¥94.9B and total debt of ¥86.7B, which brings its debt-to-equity ratio to 91.3%. Its total assets and total liabilities are ¥229.6B and ¥134.7B respectively. Meiko Electronics's EBIT is ¥9.9B making its interest coverage ratio 19.3. It has cash and short-term investments of ¥23.0B.
Key information
91.3%
Debt to equity ratio
JP¥86.68b
Debt
Interest coverage ratio | 19.3x |
Cash | JP¥23.03b |
Equity | JP¥94.89b |
Total liabilities | JP¥134.74b |
Total assets | JP¥229.63b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEC's short term assets (¥107.9B) exceed its short term liabilities (¥89.3B).
Long Term Liabilities: MEC's short term assets (¥107.9B) exceed its long term liabilities (¥45.4B).
Debt to Equity History and Analysis
Debt Level: MEC's net debt to equity ratio (67.1%) is considered high.
Reducing Debt: MEC's debt to equity ratio has reduced from 175.4% to 91.3% over the past 5 years.
Debt Coverage: MEC's debt is well covered by operating cash flow (27.6%).
Interest Coverage: MEC's interest payments on its debt are well covered by EBIT (19.3x coverage).