Meiji Electric IndustriesLtd Balance Sheet Health
Financial Health criteria checks 6/6
Meiji Electric IndustriesLtd has a total shareholder equity of ¥33.7B and total debt of ¥0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are ¥50.9B and ¥17.2B respectively. Meiji Electric IndustriesLtd's EBIT is ¥2.6B making its interest coverage ratio -22. It has cash and short-term investments of ¥10.0B.
Key information
0%
Debt to equity ratio
JP¥0
Debt
| Interest coverage ratio | -22x |
| Cash | JP¥10.03b |
| Equity | JP¥33.70b |
| Total liabilities | JP¥17.17b |
| Total assets | JP¥50.88b |
Recent financial health updates
No updates
Recent updates
Meiji Electric IndustriesLtd (TSE:3388) Is Due To Pay A Dividend Of ¥30.00
Sep 21
Meiji Electric IndustriesLtd (TSE:3388) Has Announced A Dividend Of ¥30.00
Aug 27Benign Growth For Meiji Electric Industries Co.,Ltd. (TSE:3388) Underpins Stock's 34% Plummet
Aug 05Returns On Capital At Meiji Electric IndustriesLtd (TSE:3388) Paint A Concerning Picture
Jun 21Solid Earnings Reflect Meiji Electric IndustriesLtd's (TSE:3388) Strength As A Business
May 22Meiji Electric IndustriesLtd's (TSE:3388) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 03Financial Position Analysis
Short Term Liabilities: 3388's short term assets (¥40.2B) exceed its short term liabilities (¥16.0B).
Long Term Liabilities: 3388's short term assets (¥40.2B) exceed its long term liabilities (¥1.2B).
Debt to Equity History and Analysis
Debt Level: 3388 is debt free.
Reducing Debt: 3388 has no debt compared to 5 years ago when its debt to equity ratio was 0.9%.
Debt Coverage: 3388 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 3388 has no debt, therefore coverage of interest payments is not a concern.