Mie Kotsu Group Holdings Balance Sheet Health
Financial Health criteria checks 2/6
Mie Kotsu Group Holdings has a total shareholder equity of ¥59.3B and total debt of ¥80.6B, which brings its debt-to-equity ratio to 135.8%. Its total assets and total liabilities are ¥181.3B and ¥122.0B respectively. Mie Kotsu Group Holdings's EBIT is ¥7.4B making its interest coverage ratio 111.6. It has cash and short-term investments of ¥9.7B.
Key information
135.8%
Debt to equity ratio
JP¥80.58b
Debt
Interest coverage ratio | 111.6x |
Cash | JP¥9.67b |
Equity | JP¥59.33b |
Total liabilities | JP¥121.96b |
Total assets | JP¥181.29b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3232's short term assets (¥48.8B) do not cover its short term liabilities (¥61.0B).
Long Term Liabilities: 3232's short term assets (¥48.8B) do not cover its long term liabilities (¥61.0B).
Debt to Equity History and Analysis
Debt Level: 3232's net debt to equity ratio (119.5%) is considered high.
Reducing Debt: 3232's debt to equity ratio has reduced from 153.5% to 135.8% over the past 5 years.
Debt Coverage: 3232's debt is not well covered by operating cash flow (7.9%).
Interest Coverage: 3232's interest payments on its debt are well covered by EBIT (111.6x coverage).