Meiji Electric IndustriesLtd Balance Sheet Health
Financial Health criteria checks 5/6
Meiji Electric IndustriesLtd has a total shareholder equity of ¥31.2B and total debt of ¥1.3B, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are ¥48.5B and ¥17.3B respectively. Meiji Electric IndustriesLtd's EBIT is ¥3.3B making its interest coverage ratio -35.2. It has cash and short-term investments of ¥6.3B.
Key information
4.1%
Debt to equity ratio
JP¥1.27b
Debt
Interest coverage ratio | -35.2x |
Cash | JP¥6.29b |
Equity | JP¥31.16b |
Total liabilities | JP¥17.32b |
Total assets | JP¥48.47b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3388's short term assets (¥39.4B) exceed its short term liabilities (¥16.6B).
Long Term Liabilities: 3388's short term assets (¥39.4B) exceed its long term liabilities (¥695.0M).
Debt to Equity History and Analysis
Debt Level: 3388 has more cash than its total debt.
Reducing Debt: 3388's debt to equity ratio has reduced from 13.7% to 4.1% over the past 5 years.
Debt Coverage: 3388's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3388 earns more interest than it pays, so coverage of interest payments is not a concern.