MIRAIT ONE Balance Sheet Health
Financial Health criteria checks 4/6
MIRAIT ONE has a total shareholder equity of ¥247.7B and total debt of ¥108.2B, which brings its debt-to-equity ratio to 43.7%. Its total assets and total liabilities are ¥484.5B and ¥236.8B respectively. MIRAIT ONE's EBIT is ¥20.7B making its interest coverage ratio -44. It has cash and short-term investments of ¥41.1B.
Key information
43.7%
Debt to equity ratio
JP¥108.19b
Debt
Interest coverage ratio | -44x |
Cash | JP¥41.15b |
Equity | JP¥247.67b |
Total liabilities | JP¥236.78b |
Total assets | JP¥484.45b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1417's short term assets (¥274.3B) exceed its short term liabilities (¥174.5B).
Long Term Liabilities: 1417's short term assets (¥274.3B) exceed its long term liabilities (¥62.3B).
Debt to Equity History and Analysis
Debt Level: 1417's net debt to equity ratio (27.1%) is considered satisfactory.
Reducing Debt: 1417's debt to equity ratio has increased from 12.9% to 43.7% over the past 5 years.
Debt Coverage: 1417's debt is not well covered by operating cash flow (16.1%).
Interest Coverage: 1417 earns more interest than it pays, so coverage of interest payments is not a concern.