Meiji Machine Balance Sheet Health
Financial Health criteria checks 5/6
Meiji Machine has a total shareholder equity of ¥3.0B and total debt of ¥1.7B, which brings its debt-to-equity ratio to 54.3%. Its total assets and total liabilities are ¥6.1B and ¥3.1B respectively. Meiji Machine's EBIT is ¥95.0M making its interest coverage ratio -47.5. It has cash and short-term investments of ¥1.5B.
Key information
54.3%
Debt to equity ratio
JP¥1.66b
Debt
Interest coverage ratio | -47.5x |
Cash | JP¥1.45b |
Equity | JP¥3.05b |
Total liabilities | JP¥3.08b |
Total assets | JP¥6.12b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6334's short term assets (¥4.0B) exceed its short term liabilities (¥2.1B).
Long Term Liabilities: 6334's short term assets (¥4.0B) exceed its long term liabilities (¥935.0M).
Debt to Equity History and Analysis
Debt Level: 6334's net debt to equity ratio (6.7%) is considered satisfactory.
Reducing Debt: 6334's debt to equity ratio has reduced from 112.1% to 54.3% over the past 5 years.
Debt Coverage: 6334's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6334 earns more interest than it pays, so coverage of interest payments is not a concern.