Meiko ConstructionLtd Balance Sheet Health
Financial Health criteria checks 5/6
Meiko ConstructionLtd has a total shareholder equity of ¥68.6B and total debt of ¥5.5B, which brings its debt-to-equity ratio to 8.1%. Its total assets and total liabilities are ¥102.5B and ¥33.8B respectively. Meiko ConstructionLtd's EBIT is ¥5.9B making its interest coverage ratio -17.1. It has cash and short-term investments of ¥12.8B.
Key information
8.1%
Debt to equity ratio
JP¥5.53b
Debt
Interest coverage ratio | -17.1x |
Cash | JP¥12.75b |
Equity | JP¥68.63b |
Total liabilities | JP¥33.83b |
Total assets | JP¥102.45b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 1869's short term assets (¥67.8B) exceed its short term liabilities (¥24.6B).
Long Term Liabilities: 1869's short term assets (¥67.8B) exceed its long term liabilities (¥9.2B).
Debt to Equity History and Analysis
Debt Level: 1869 has more cash than its total debt.
Reducing Debt: 1869's debt to equity ratio has reduced from 24.9% to 8.1% over the past 5 years.
Debt Coverage: 1869's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1869 earns more interest than it pays, so coverage of interest payments is not a concern.