MK Seiko Balance Sheet Health
Financial Health criteria checks 6/6
MK Seiko has a total shareholder equity of ¥15.0B and total debt of ¥3.6B, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are ¥26.8B and ¥11.7B respectively. MK Seiko's EBIT is ¥2.1B making its interest coverage ratio -19.2. It has cash and short-term investments of ¥4.9B.
Key information
24.0%
Debt to equity ratio
JP¥3.61b
Debt
| Interest coverage ratio | -19.2x |
| Cash | JP¥4.87b |
| Equity | JP¥15.03b |
| Total liabilities | JP¥11.75b |
| Total assets | JP¥26.78b |
Recent financial health updates
Is MK Seiko (TYO:5906) Using Too Much Debt?
Mar 31
MK Seiko (TYO:5906) Seems To Use Debt Quite Sensibly
Dec 14
Recent updates
Is MK Seiko (TYO:5906) Using Too Much Debt?
Mar 31Is It Smart To Buy MK Seiko Co., Ltd. (TYO:5906) Before It Goes Ex-Dividend?
Mar 13The Case For MK Seiko Co., Ltd. (TYO:5906): Could It Be A Nice Addition To Your Dividend Portfolio?
Feb 24Do MK Seiko's (TYO:5906) Earnings Warrant Your Attention?
Feb 06Update: MK Seiko (TYO:5906) Stock Gained 46% In The Last Five Years
Jan 18Is MK Seiko (TYO:5906) A Future Multi-bagger?
Jan 01MK Seiko (TYO:5906) Seems To Use Debt Quite Sensibly
Dec 14Should You Use MK Seiko's (TYO:5906) Statutory Earnings To Analyse It?
Nov 26Financial Position Analysis
Short Term Liabilities: 5906's short term assets (¥17.4B) exceed its short term liabilities (¥9.9B).
Long Term Liabilities: 5906's short term assets (¥17.4B) exceed its long term liabilities (¥1.8B).
Debt to Equity History and Analysis
Debt Level: 5906 has more cash than its total debt.
Reducing Debt: 5906's debt to equity ratio has reduced from 61.7% to 24% over the past 5 years.
Debt Coverage: 5906's debt is well covered by operating cash flow (68.1%).
Interest Coverage: 5906 earns more interest than it pays, so coverage of interest payments is not a concern.