MIE Corporation Balance Sheet Health
Financial Health criteria checks 4/6
MIE has a total shareholder equity of ¥2.4B and total debt of ¥4.0B, which brings its debt-to-equity ratio to 166.7%. Its total assets and total liabilities are ¥8.2B and ¥5.8B respectively. MIE's EBIT is ¥578.0M making its interest coverage ratio 30.4. It has cash and short-term investments of ¥668.0M.
Key information
166.7%
Debt to equity ratio
JP¥3.96b
Debt
Interest coverage ratio | 30.4x |
Cash | JP¥668.00m |
Equity | JP¥2.38b |
Total liabilities | JP¥5.81b |
Total assets | JP¥8.19b |
Recent financial health updates
No updates
Recent updates
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Financial Position Analysis
Short Term Liabilities: 3442's short term assets (¥5.3B) exceed its short term liabilities (¥4.0B).
Long Term Liabilities: 3442's short term assets (¥5.3B) exceed its long term liabilities (¥1.8B).
Debt to Equity History and Analysis
Debt Level: 3442's net debt to equity ratio (138.6%) is considered high.
Reducing Debt: 3442's debt to equity ratio has reduced from 302.9% to 166.7% over the past 5 years.
Debt Coverage: 3442's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3442's interest payments on its debt are well covered by EBIT (30.4x coverage).