Meiwa Industry Balance Sheet Health
Financial Health criteria checks 3/6
Meiwa Industry has a total shareholder equity of ¥11.2B and total debt of ¥6.0B, which brings its debt-to-equity ratio to 53.6%. Its total assets and total liabilities are ¥24.2B and ¥13.0B respectively.
Key information
53.6%
Debt to equity ratio
JP¥5.99b
Debt
| Interest coverage ratio | n/a |
| Cash | JP¥3.57b |
| Equity | JP¥11.17b |
| Total liabilities | JP¥13.01b |
| Total assets | JP¥24.18b |
Financial Position Analysis
Short Term Liabilities: 7284's short term assets (¥13.6B) exceed its short term liabilities (¥10.1B).
Long Term Liabilities: 7284's short term assets (¥13.6B) exceed its long term liabilities (¥2.9B).
Debt to Equity History and Analysis
Debt Level: 7284's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: 7284's debt to equity ratio has increased from 35.9% to 53.6% over the past 5 years.
Debt Coverage: 7284's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: Insufficient data to determine if 7284's interest payments on its debt are well covered by EBIT.