Mitsubishi Logistics Balance Sheet Health
Financial Health criteria checks 5/6
Mitsubishi Logistics has a total shareholder equity of ¥406.2B and total debt of ¥110.8B, which brings its debt-to-equity ratio to 27.3%. Its total assets and total liabilities are ¥661.1B and ¥255.0B respectively. Mitsubishi Logistics's EBIT is ¥18.0B making its interest coverage ratio -5. It has cash and short-term investments of ¥61.4B.
Key information
27.3%
Debt to equity ratio
JP¥110.82b
Debt
| Interest coverage ratio | -5x |
| Cash | JP¥61.35b |
| Equity | JP¥406.15b |
| Total liabilities | JP¥254.97b |
| Total assets | JP¥661.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIB's short term assets (¥131.0B) exceed its short term liabilities (¥88.2B).
Long Term Liabilities: MIB's short term assets (¥131.0B) do not cover its long term liabilities (¥166.8B).
Debt to Equity History and Analysis
Debt Level: MIB's net debt to equity ratio (12.2%) is considered satisfactory.
Reducing Debt: MIB's debt to equity ratio has reduced from 32.8% to 27.3% over the past 5 years.
Debt Coverage: MIB's debt is well covered by operating cash flow (26.1%).
Interest Coverage: MIB earns more interest than it pays, so coverage of interest payments is not a concern.