Morita Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Morita Holdings has a total shareholder equity of ¥91.6B and total debt of ¥1.4B, which brings its debt-to-equity ratio to 1.6%. Its total assets and total liabilities are ¥139.7B and ¥48.1B respectively. Morita Holdings's EBIT is ¥9.4B making its interest coverage ratio -45.6. It has cash and short-term investments of ¥26.4B.
Key information
1.6%
Debt to equity ratio
JP¥1.43b
Debt
Interest coverage ratio | -45.6x |
Cash | JP¥26.38b |
Equity | JP¥91.58b |
Total liabilities | JP¥48.11b |
Total assets | JP¥139.70b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6455's short term assets (¥81.6B) exceed its short term liabilities (¥38.3B).
Long Term Liabilities: 6455's short term assets (¥81.6B) exceed its long term liabilities (¥9.8B).
Debt to Equity History and Analysis
Debt Level: 6455 has more cash than its total debt.
Reducing Debt: 6455's debt to equity ratio has reduced from 14.6% to 1.6% over the past 5 years.
Debt Coverage: 6455's debt is well covered by operating cash flow (780.2%).
Interest Coverage: 6455 earns more interest than it pays, so coverage of interest payments is not a concern.