Meiji Machine Balance Sheet Health
Financial Health criteria checks 5/6
Meiji Machine has a total shareholder equity of ¥2.9B and total debt of ¥1.7B, which brings its debt-to-equity ratio to 59%. Its total assets and total liabilities are ¥6.1B and ¥3.2B respectively.
Key information
59.0%
Debt to equity ratio
JP¥1.69b
Debt
| Interest coverage ratio | n/a |
| Cash | JP¥1.61b |
| Equity | JP¥2.87b |
| Total liabilities | JP¥3.21b |
| Total assets | JP¥6.08b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6334's short term assets (¥4.4B) exceed its short term liabilities (¥2.2B).
Long Term Liabilities: 6334's short term assets (¥4.4B) exceed its long term liabilities (¥1.1B).
Debt to Equity History and Analysis
Debt Level: 6334's net debt to equity ratio (3%) is considered satisfactory.
Reducing Debt: 6334's debt to equity ratio has reduced from 179.7% to 59% over the past 5 years.
Debt Coverage: 6334's debt is well covered by operating cash flow (41%).
Interest Coverage: Insufficient data to determine if 6334's interest payments on its debt are well covered by EBIT.