Miyaji Engineering GroupInc Balance Sheet Health
Financial Health criteria checks 6/6
Miyaji Engineering GroupInc has a total shareholder equity of ¥46.6B and total debt of ¥300.0M, which brings its debt-to-equity ratio to 0.6%. Its total assets and total liabilities are ¥74.1B and ¥27.5B respectively. Miyaji Engineering GroupInc's EBIT is ¥7.9B making its interest coverage ratio -41.6. It has cash and short-term investments of ¥19.1B.
Key information
0.6%
Debt to equity ratio
JP¥300.00m
Debt
Interest coverage ratio | -41.6x |
Cash | JP¥19.12b |
Equity | JP¥46.61b |
Total liabilities | JP¥27.53b |
Total assets | JP¥74.15b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3431's short term assets (¥51.3B) exceed its short term liabilities (¥22.9B).
Long Term Liabilities: 3431's short term assets (¥51.3B) exceed its long term liabilities (¥4.7B).
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 14.8% to 0.6% over the past 5 years.
Debt Coverage: 3431's debt is well covered by operating cash flow (2947%).
Interest Coverage: 3431 earns more interest than it pays, so coverage of interest payments is not a concern.