Miyaji Engineering GroupInc Balance Sheet Health
Financial Health criteria checks 6/6
Miyaji Engineering GroupInc has a total shareholder equity of ¥45.4B and total debt of ¥300.0M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are ¥72.1B and ¥26.7B respectively. Miyaji Engineering GroupInc's EBIT is ¥7.9B making its interest coverage ratio -37. It has cash and short-term investments of ¥17.7B.
Key information
0.7%
Debt to equity ratio
JP¥300.00m
Debt
| Interest coverage ratio | -37x |
| Cash | JP¥17.66b |
| Equity | JP¥45.45b |
| Total liabilities | JP¥26.68b |
| Total assets | JP¥72.12b |
Recent financial health updates
No updates
Recent updates
Miyaji Engineering Group,Inc.'s (TSE:3431) Popularity With Investors Under Threat As Stock Sinks 26%
Aug 06
Should You Be Adding Miyaji Engineering GroupInc (TSE:3431) To Your Watchlist Today?
Aug 05Investors Appear Satisfied With Miyaji Engineering Group,Inc.'s (TSE:3431) Prospects As Shares Rocket 26%
Mar 09Miyaji Engineering GroupInc (TSE:3431) Will Pay A Dividend Of ¥95.00
Mar 02Financial Position Analysis
Short Term Liabilities: 3431's short term assets (¥49.1B) exceed its short term liabilities (¥22.0B).
Long Term Liabilities: 3431's short term assets (¥49.1B) 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 10.7% to 0.7% 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.