MEISEI INDUSTRIALLtd Balance Sheet Health
Financial Health criteria checks 6/6
MEISEI INDUSTRIALLtd has a total shareholder equity of ¥66.3B and total debt of ¥800.0M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are ¥84.9B and ¥18.6B respectively. MEISEI INDUSTRIALLtd's EBIT is ¥9.3B making its interest coverage ratio -22.2. It has cash and short-term investments of ¥30.3B.
Key information
1.2%
Debt to equity ratio
JP¥800.00m
Debt
| Interest coverage ratio | -22.2x |
| Cash | JP¥30.29b |
| Equity | JP¥66.26b |
| Total liabilities | JP¥18.63b |
| Total assets | JP¥84.89b |
Recent financial health updates
No updates
Recent updates
There May Be Underlying Issues With The Quality Of MEISEI INDUSTRIALLtd's (TSE:1976) Earnings
Nov 08
MEISEI INDUSTRIALLtd (TSE:1976) Is Due To Pay A Dividend Of ¥15.00
Sep 25MEISEI INDUSTRIAL Co.,Ltd. (TSE:1976) Looks Inexpensive But Perhaps Not Attractive Enough
Apr 26MEISEI INDUSTRIALLtd (TSE:1976) Has Announced A Dividend Of ¥22.00
Mar 11MEISEI INDUSTRIALLtd (TSE:1976) Has Announced A Dividend Of ¥22.00
Feb 26Financial Position Analysis
Short Term Liabilities: 1976's short term assets (¥57.2B) exceed its short term liabilities (¥14.2B).
Long Term Liabilities: 1976's short term assets (¥57.2B) exceed its long term liabilities (¥4.5B).
Debt to Equity History and Analysis
Debt Level: 1976 has more cash than its total debt.
Reducing Debt: 1976's debt to equity ratio has reduced from 2% to 1.2% over the past 5 years.
Debt Coverage: 1976's debt is well covered by operating cash flow (215.4%).
Interest Coverage: 1976 earns more interest than it pays, so coverage of interest payments is not a concern.