Mitsubishi Electric Balance Sheet Health
Financial Health criteria checks 6/6
Mitsubishi Electric has a total shareholder equity of ¥3,866.4B and total debt of ¥394.6B, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are ¥6,167.3B and ¥2,300.9B respectively. Mitsubishi Electric's EBIT is ¥328.5B making its interest coverage ratio -34.5. It has cash and short-term investments of ¥765.4B.
Key information
10.2%
Debt to equity ratio
JP¥394.64b
Debt
Interest coverage ratio | -34.5x |
Cash | JP¥765.38b |
Equity | JP¥3.87t |
Total liabilities | JP¥2.30t |
Total assets | JP¥6.17t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6503's short term assets (¥3,625.2B) exceed its short term liabilities (¥1,839.2B).
Long Term Liabilities: 6503's short term assets (¥3,625.2B) exceed its long term liabilities (¥461.7B).
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 11% to 10.2% over the past 5 years.
Debt Coverage: 6503's debt is well covered by operating cash flow (105.3%).
Interest Coverage: 6503 earns more interest than it pays, so coverage of interest payments is not a concern.