Meidensha Balance Sheet Health
Financial Health criteria checks 6/6
Meidensha has a total shareholder equity of ¥126.4B and total debt of ¥43.1B, which brings its debt-to-equity ratio to 34.1%. Its total assets and total liabilities are ¥314.2B and ¥187.8B respectively. Meidensha's EBIT is ¥17.0B making its interest coverage ratio -242.9. It has cash and short-term investments of ¥23.0B.
Key information
34.1%
Debt to equity ratio
JP¥43.06b
Debt
| Interest coverage ratio | -242.9x |
| Cash | JP¥23.01b |
| Equity | JP¥126.38b |
| Total liabilities | JP¥187.78b |
| Total assets | JP¥314.16b |
Recent financial health updates
Is Meidensha (TSE:6508) A Risky Investment?
Sep 06
Here's Why Meidensha (TSE:6508) Can Manage Its Debt Responsibly
May 10Recent updates
We Think That There Are Issues Underlying Meidensha's (TSE:6508) Earnings
Nov 19Results: Meidensha Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Oct 30Optimistic Investors Push Meidensha Corporation (TSE:6508) Shares Up 27% But Growth Is Lacking
Oct 18Meidensha's (TSE:6508) Returns Have Hit A Wall
Oct 08Is Meidensha (TSE:6508) A Risky Investment?
Sep 06The Market Doesn't Like What It Sees From Meidensha Corporation's (TSE:6508) Earnings Yet As Shares Tumble 27%
Aug 06Estimating The Fair Value Of Meidensha Corporation (TSE:6508)
Jun 06Additional Considerations Required While Assessing Meidensha's (TSE:6508) Strong Earnings
May 21Here's Why Meidensha (TSE:6508) Can Manage Its Debt Responsibly
May 10There's Reason For Concern Over Meidensha Corporation's (TSE:6508) Massive 27% Price Jump
Apr 24Financial Position Analysis
Short Term Liabilities: 6508's short term assets (¥191.9B) exceed its short term liabilities (¥109.1B).
Long Term Liabilities: 6508's short term assets (¥191.9B) exceed its long term liabilities (¥78.7B).
Debt to Equity History and Analysis
Debt Level: 6508's net debt to equity ratio (15.9%) is considered satisfactory.
Reducing Debt: 6508's debt to equity ratio has reduced from 57.3% to 34.1% over the past 5 years.
Debt Coverage: 6508's debt is well covered by operating cash flow (34.5%).
Interest Coverage: 6508 earns more interest than it pays, so coverage of interest payments is not a concern.