Mikikogyo Balance Sheet Health
Financial Health criteria checks 6/6
Mikikogyo has a total shareholder equity of ¥17.8B and total debt of ¥6.5B, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are ¥30.7B and ¥12.9B respectively. Mikikogyo's EBIT is ¥1.3B making its interest coverage ratio 74.5. It has cash and short-term investments of ¥4.0B.
Key information
36.5%
Debt to equity ratio
JP¥6.49b
Debt
| Interest coverage ratio | 74.5x |
| Cash | JP¥4.05b |
| Equity | JP¥17.80b |
| Total liabilities | JP¥12.88b |
| Total assets | JP¥30.68b |
Recent financial health updates
Mikikogyo (TYO:1718) Takes On Some Risk With Its Use Of Debt
Apr 11
Does Mikikogyo (TYO:1718) Have A Healthy Balance Sheet?
Jan 11Recent updates
Mikikogyo (TYO:1718) Will Be Looking To Turn Around Its Returns
May 08Mikikogyo (TYO:1718) Takes On Some Risk With Its Use Of Debt
Apr 11Does Mikikogyo Co., Ltd. (TYO:1718) Have A Place In Your Dividend Portfolio?
Mar 05Is This A Sign of Things To Come At Mikikogyo (TYO:1718)?
Feb 07Does Mikikogyo (TYO:1718) Have A Healthy Balance Sheet?
Jan 11Is Mikikogyo Co., Ltd. (TYO:1718) The Right Choice For A Smart Dividend Investor?
Dec 05Financial Position Analysis
Short Term Liabilities: 1718's short term assets (¥13.7B) exceed its short term liabilities (¥6.9B).
Long Term Liabilities: 1718's short term assets (¥13.7B) exceed its long term liabilities (¥6.0B).
Debt to Equity History and Analysis
Debt Level: 1718's net debt to equity ratio (13.7%) is considered satisfactory.
Reducing Debt: 1718's debt to equity ratio has reduced from 54.2% to 36.5% over the past 5 years.
Debt Coverage: 1718's debt is well covered by operating cash flow (38.9%).
Interest Coverage: 1718's interest payments on its debt are well covered by EBIT (74.5x coverage).