Mitsubishi Electric Corporation

TSE:6503 Stock Report

Market Cap: JP¥5.4t

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 ¥383.7B, which brings its debt-to-equity ratio to 9.9%. 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

9.9%

Debt to equity ratio

JP¥383.73b

Debt

Interest coverage ratio35.5x
CashJP¥754.50b
EquityJP¥3.88t
Total liabilitiesJP¥2.21t
Total assetsJP¥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 9.9% over the past 5 years.

Debt Coverage: 6503's debt is well covered by operating cash flow (131.6%).

Interest Coverage: 6503's interest payments on its debt are well covered by EBIT (35.5x coverage).


Balance Sheet


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