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
CashJP¥23.01b
EquityJP¥126.38b
Total liabilitiesJP¥187.78b
Total assetsJP¥314.16b

Recent financial health updates

Recent updates

Results: Meidensha Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Oct 30
Results: Meidensha Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Optimistic Investors Push Meidensha Corporation (TSE:6508) Shares Up 27% But Growth Is Lacking

Oct 18
Optimistic Investors Push Meidensha Corporation (TSE:6508) Shares Up 27% But Growth Is Lacking

Meidensha's (TSE:6508) Returns Have Hit A Wall

Oct 08
Meidensha's (TSE:6508) Returns Have Hit A Wall

Is Meidensha (TSE:6508) A Risky Investment?

Sep 06
Is Meidensha (TSE:6508) A Risky Investment?

The Market Doesn't Like What It Sees From Meidensha Corporation's (TSE:6508) Earnings Yet As Shares Tumble 27%

Aug 06
The Market Doesn't Like What It Sees From Meidensha Corporation's (TSE:6508) Earnings Yet As Shares Tumble 27%

Estimating The Fair Value Of Meidensha Corporation (TSE:6508)

Jun 06
Estimating The Fair Value Of Meidensha Corporation (TSE:6508)

Additional Considerations Required While Assessing Meidensha's (TSE:6508) Strong Earnings

May 21
Additional Considerations Required While Assessing Meidensha's (TSE:6508) Strong Earnings

Here's Why Meidensha (TSE:6508) Can Manage Its Debt Responsibly

May 10
Here's Why Meidensha (TSE:6508) Can Manage Its Debt Responsibly

There's Reason For Concern Over Meidensha Corporation's (TSE:6508) Massive 27% Price Jump

Apr 24
There's Reason For Concern Over Meidensha Corporation's (TSE:6508) Massive 27% Price Jump

Financial 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.


Balance Sheet


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