Mitsubishi Logistics Balance Sheet Health
Financial Health criteria checks 5/6
Mitsubishi Logistics has a total shareholder equity of ¥411.7B and total debt of ¥110.1B, which brings its debt-to-equity ratio to 26.7%. Its total assets and total liabilities are ¥679.1B and ¥267.4B respectively. Mitsubishi Logistics's EBIT is ¥18.9B making its interest coverage ratio -4.6. It has cash and short-term investments of ¥61.0B.
Key information
26.7%
Debt to equity ratio
JP¥110.08b
Debt
Interest coverage ratio | -4.6x |
Cash | JP¥61.02b |
Equity | JP¥411.70b |
Total liabilities | JP¥267.44b |
Total assets | JP¥679.14b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIB's short term assets (¥119.4B) exceed its short term liabilities (¥93.8B).
Long Term Liabilities: MIB's short term assets (¥119.4B) do not cover its long term liabilities (¥173.6B).
Debt to Equity History and Analysis
Debt Level: MIB's net debt to equity ratio (11.9%) is considered satisfactory.
Reducing Debt: MIB's debt to equity ratio has reduced from 29% to 26.7% over the past 5 years.
Debt Coverage: MIB's debt is well covered by operating cash flow (35.2%).
Interest Coverage: MIB earns more interest than it pays, so coverage of interest payments is not a concern.