Miyaji Engineering GroupInc Balance Sheet Health
Financial Health criteria checks 5/6
Miyaji Engineering GroupInc has a total shareholder equity of ¥45.0B and total debt of ¥1.5B, which brings its debt-to-equity ratio to 3.3%. Its total assets and total liabilities are ¥70.7B and ¥25.8B respectively. Miyaji Engineering GroupInc's EBIT is ¥7.6B making its interest coverage ratio -40.6. It has cash and short-term investments of ¥10.7B.
Key information
3.3%
Debt to equity ratio
JP¥1.50b
Debt
Interest coverage ratio | -40.6x |
Cash | JP¥10.74b |
Equity | JP¥44.95b |
Total liabilities | JP¥25.79b |
Total assets | JP¥70.74b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3431's short term assets (¥49.7B) exceed its short term liabilities (¥21.6B).
Long Term Liabilities: 3431's short term assets (¥49.7B) exceed its long term liabilities (¥4.2B).
Debt to Equity History and Analysis
Debt Level: 3431 has more cash than its total debt.
Reducing Debt: 3431's debt to equity ratio has reduced from 28.7% to 3.3% over the past 5 years.
Debt Coverage: 3431's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3431 earns more interest than it pays, so coverage of interest payments is not a concern.