Mitsubishi Electric Balance Sheet Health
Financial Health criteria checks 6/6
Mitsubishi Electric has a total shareholder equity of ¥3,879.9B and total debt of ¥148.9B, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are ¥6,092.8B and ¥2,212.9B respectively. Mitsubishi Electric's EBIT is ¥369.4B making its interest coverage ratio 35.5. It has cash and short-term investments of ¥754.5B.
Key information
3.8%
Debt to equity ratio
JP¥148.85b
Debt
| Interest coverage ratio | 35.5x |
| Cash | JP¥754.50b |
| Equity | JP¥3.88t |
| Total liabilities | JP¥2.21t |
| Total assets | JP¥6.09t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6503's short term assets (¥3,566.6B) exceed its short term liabilities (¥1,757.5B).
Long Term Liabilities: 6503's short term assets (¥3,566.6B) exceed its long term liabilities (¥455.4B).
Debt to Equity History and Analysis
Debt Level: 6503 has more cash than its total debt.
Reducing Debt: 6503's debt to equity ratio has reduced from 10.9% to 3.8% over the past 5 years.
Debt Coverage: 6503's debt is well covered by operating cash flow (339.3%).
Interest Coverage: 6503's interest payments on its debt are well covered by EBIT (35.5x coverage).