MIE Corporation Balance Sheet Health
Financial Health criteria checks 4/6
MIE has a total shareholder equity of ¥2.6B and total debt of ¥3.8B, which brings its debt-to-equity ratio to 144.8%. Its total assets and total liabilities are ¥8.1B and ¥5.5B respectively. MIE's EBIT is ¥542.0M making its interest coverage ratio 20.8. It has cash and short-term investments of ¥942.0M.
Key information
144.8%
Debt to equity ratio
JP¥3.77b
Debt
| Interest coverage ratio | 20.8x |
| Cash | JP¥942.00m |
| Equity | JP¥2.60b |
| Total liabilities | JP¥5.52b |
| Total assets | JP¥8.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3442's short term assets (¥5.2B) exceed its short term liabilities (¥3.8B).
Long Term Liabilities: 3442's short term assets (¥5.2B) exceed its long term liabilities (¥1.8B).
Debt to Equity History and Analysis
Debt Level: 3442's net debt to equity ratio (108.6%) is considered high.
Reducing Debt: 3442's debt to equity ratio has reduced from 264.3% to 144.8% over the past 5 years.
Debt Coverage: 3442's debt is not well covered by operating cash flow (13.9%).
Interest Coverage: 3442's interest payments on its debt are well covered by EBIT (20.8x coverage).