MIRAIT ONE Balance Sheet Health
Financial Health criteria checks 5/6
MIRAIT ONE has a total shareholder equity of ¥260.1B and total debt of ¥106.2B, which brings its debt-to-equity ratio to 40.8%. Its total assets and total liabilities are ¥520.0B and ¥259.9B respectively. MIRAIT ONE's EBIT is ¥17.8B making its interest coverage ratio -35.9. It has cash and short-term investments of ¥50.0B.
Key information
40.8%
Debt to equity ratio
JP¥106.15b
Debt
Interest coverage ratio | -35.9x |
Cash | JP¥50.04b |
Equity | JP¥260.09b |
Total liabilities | JP¥259.87b |
Total assets | JP¥519.96b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1417's short term assets (¥304.7B) exceed its short term liabilities (¥192.7B).
Long Term Liabilities: 1417's short term assets (¥304.7B) exceed its long term liabilities (¥67.2B).
Debt to Equity History and Analysis
Debt Level: 1417's net debt to equity ratio (21.6%) is considered satisfactory.
Reducing Debt: 1417's debt to equity ratio has increased from 10.1% to 40.8% over the past 5 years.
Debt Coverage: 1417's debt is well covered by operating cash flow (31.7%).
Interest Coverage: 1417 earns more interest than it pays, so coverage of interest payments is not a concern.