Morio Denki Balance Sheet Health
Financial Health criteria checks 5/6
Morio Denki has a total shareholder equity of ¥4.6B and total debt of ¥1.1B, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are ¥8.0B and ¥3.4B respectively. Morio Denki's EBIT is ¥246.0M making its interest coverage ratio 41. It has cash and short-term investments of ¥863.0M.
Key information
24.0%
Debt to equity ratio
JP¥1.11b
Debt
| Interest coverage ratio | 41x |
| Cash | JP¥863.00m |
| Equity | JP¥4.62b |
| Total liabilities | JP¥3.35b |
| Total assets | JP¥7.97b |
Financial Position Analysis
Short Term Liabilities: 6647's short term assets (¥5.0B) exceed its short term liabilities (¥2.7B).
Long Term Liabilities: 6647's short term assets (¥5.0B) exceed its long term liabilities (¥615.0M).
Debt to Equity History and Analysis
Debt Level: 6647's net debt to equity ratio (5.3%) is considered satisfactory.
Reducing Debt: 6647's debt to equity ratio has reduced from 64.1% to 24% over the past 5 years.
Debt Coverage: 6647's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6647's interest payments on its debt are well covered by EBIT (41x coverage).