Makita Balance Sheet Health
Financial Health criteria checks 6/6
Makita has a total shareholder equity of ¥881.6B and total debt of ¥13.0B, which brings its debt-to-equity ratio to 1.5%. Its total assets and total liabilities are ¥1,047.0B and ¥165.4B respectively. Makita's EBIT is ¥85.8B making its interest coverage ratio -23.1. It has cash and short-term investments of ¥229.9B.
Key information
1.5%
Debt to equity ratio
JP¥13.00b
Debt
| Interest coverage ratio | -23.1x |
| Cash | JP¥229.86b |
| Equity | JP¥881.56b |
| Total liabilities | JP¥165.39b |
| Total assets | JP¥1.05t |
Recent financial health updates
Makita (TSE:6586) Has A Rock Solid Balance Sheet
Sep 03
Is Makita (TSE:6586) Using Too Much Debt?
May 21Recent updates
Makita (TSE:6586) Will Be Hoping To Turn Its Returns On Capital Around
Nov 20Shareholders Can Be Confident That Makita's (TSE:6586) Earnings Are High Quality
Nov 06Results: Makita Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
Nov 02Estimating The Fair Value Of Makita Corporation (TSE:6586)
Sep 20After Leaping 27% Makita Corporation (TSE:6586) Shares Are Not Flying Under The Radar
Sep 04Makita (TSE:6586) Has A Rock Solid Balance Sheet
Sep 03Makita's (TSE:6586) Dividend Will Be ¥20.00
Aug 19Makita (TSE:6586) Will Pay A Dividend Of ¥20.00
Aug 01Is It Too Late To Consider Buying Makita Corporation (TSE:6586)?
Jul 31Makita (TSE:6586) Has Announced A Dividend Of ¥20.00
Jul 17Getting In Cheap On Makita Corporation (TSE:6586) Might Be Difficult
Jul 16Makita (TSE:6586) May Have Issues Allocating Its Capital
Jun 17Is Makita (TSE:6586) Using Too Much Debt?
May 21We Think Makita's (TSE:6586) Solid Earnings Are Understated
May 03Estimating The Fair Value Of Makita Corporation (TSE:6586)
Apr 28Is Now An Opportune Moment To Examine Makita Corporation (TSE:6586)?
Mar 16Makita's (TSE:6586) Returns On Capital Not Reflecting Well On The Business
Feb 29Financial Position Analysis
Short Term Liabilities: 6586's short term assets (¥695.9B) exceed its short term liabilities (¥133.9B).
Long Term Liabilities: 6586's short term assets (¥695.9B) exceed its long term liabilities (¥31.5B).
Debt to Equity History and Analysis
Debt Level: 6586 has more cash than its total debt.
Reducing Debt: 6586's debt to equity ratio has reduced from 2% to 1.5% over the past 5 years.
Debt Coverage: 6586's debt is well covered by operating cash flow (1474.2%).
Interest Coverage: 6586 earns more interest than it pays, so coverage of interest payments is not a concern.