Morio Denki Balance Sheet Health
Financial Health criteria checks 6/6
Morio Denki has a total shareholder equity of ¥4.7B and total debt of ¥960.0M, which brings its debt-to-equity ratio to 20.3%. Its total assets and total liabilities are ¥8.2B and ¥3.5B respectively. Morio Denki's EBIT is ¥343.0M making its interest coverage ratio 68.6. It has cash and short-term investments of ¥979.0M.
Key information
20.3%
Debt to equity ratio
JP¥960.00m
Debt
Interest coverage ratio | 68.6x |
Cash | JP¥979.00m |
Equity | JP¥4.73b |
Total liabilities | JP¥3.49b |
Total assets | JP¥8.22b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6647's short term assets (¥5.1B) exceed its short term liabilities (¥2.8B).
Long Term Liabilities: 6647's short term assets (¥5.1B) exceed its long term liabilities (¥715.0M).
Debt to Equity History and Analysis
Debt Level: 6647 has more cash than its total debt.
Reducing Debt: 6647's debt to equity ratio has reduced from 64% to 20.3% over the past 5 years.
Debt Coverage: 6647's debt is well covered by operating cash flow (62.9%).
Interest Coverage: 6647's interest payments on its debt are well covered by EBIT (68.6x coverage).