Makita Balance Sheet Health
Financial Health criteria checks 6/6
Makita has a total shareholder equity of ¥917.2B and total debt of ¥10.9B, which brings its debt-to-equity ratio to 1.2%. Its total assets and total liabilities are ¥1,088.6B and ¥171.4B respectively. Makita's EBIT is ¥71.2B making its interest coverage ratio -30.3. It has cash and short-term investments of ¥200.8B.
Key information
1.2%
Debt to equity ratio
JP¥10.87b
Debt
Interest coverage ratio | -30.3x |
Cash | JP¥200.78b |
Equity | JP¥917.16b |
Total liabilities | JP¥171.43b |
Total assets | JP¥1.09t |
Recent financial health updates
Recent updates
Makita (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 (¥717.5B) exceed its short term liabilities (¥136.4B).
Long Term Liabilities: 6586's short term assets (¥717.5B) exceed its long term liabilities (¥35.1B).
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 1.2% over the past 5 years.
Debt Coverage: 6586's debt is well covered by operating cash flow (1983.6%).
Interest Coverage: 6586 earns more interest than it pays, so coverage of interest payments is not a concern.