MEISEI INDUSTRIALLtd Balance Sheet Health
Financial Health criteria checks 6/6
MEISEI INDUSTRIALLtd has a total shareholder equity of ¥64.4B and total debt of ¥800.0M, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are ¥84.2B and ¥19.7B respectively. MEISEI INDUSTRIALLtd's EBIT is ¥8.8B making its interest coverage ratio -26. It has cash and short-term investments of ¥29.8B.
Key information
1.2%
Debt to equity ratio
JP¥800.00m
Debt
| Interest coverage ratio | -26x |
| Cash | JP¥29.81b |
| Equity | JP¥64.45b |
| Total liabilities | JP¥19.73b |
| Total assets | JP¥84.17b |
Financial Position Analysis
Short Term Liabilities: 1976's short term assets (¥56.8B) exceed its short term liabilities (¥15.6B).
Long Term Liabilities: 1976's short term assets (¥56.8B) exceed its long term liabilities (¥4.1B).
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 2.1% to 1.2% over the past 5 years.
Debt Coverage: 1976's debt is well covered by operating cash flow (890.8%).
Interest Coverage: 1976 earns more interest than it pays, so coverage of interest payments is not a concern.