Mikikogyo Balance Sheet Health
Financial Health criteria checks 5/6
Mikikogyo has a total shareholder equity of ¥17.6B and total debt of ¥7.4B, which brings its debt-to-equity ratio to 42.2%. Its total assets and total liabilities are ¥31.3B and ¥13.7B respectively. Mikikogyo's EBIT is ¥1.1B making its interest coverage ratio 81.2. It has cash and short-term investments of ¥2.9B.
Key information
42.2%
Debt to equity ratio
JP¥7.42b
Debt
Interest coverage ratio | 81.2x |
Cash | JP¥2.86b |
Equity | JP¥17.59b |
Total liabilities | JP¥13.73b |
Total assets | JP¥31.33b |
Recent financial health updates
Mikikogyo (TYO:1718) Takes On Some Risk With Its Use Of Debt
Apr 11Does 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 (¥14.4B) exceed its short term liabilities (¥8.0B).
Long Term Liabilities: 1718's short term assets (¥14.4B) exceed its long term liabilities (¥5.7B).
Debt to Equity History and Analysis
Debt Level: 1718's net debt to equity ratio (25.9%) is considered satisfactory.
Reducing Debt: 1718's debt to equity ratio has reduced from 70.4% to 42.2% over the past 5 years.
Debt Coverage: 1718's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1718's interest payments on its debt are well covered by EBIT (81.2x coverage).