Mitsubishi Heavy Industries Balance Sheet Health
Financial Health criteria checks 3/6
Mitsubishi Heavy Industries has a total shareholder equity of ¥2,028.3B and total debt of ¥1,643.4B, which brings its debt-to-equity ratio to 81%. Its total assets and total liabilities are ¥6,018.2B and ¥3,989.9B respectively. Mitsubishi Heavy Industries's EBIT is ¥276.4B making its interest coverage ratio -75.5. It has cash and short-term investments of ¥348.3B.
Key information
81.0%
Debt to equity ratio
JP¥1.64t
Debt
| Interest coverage ratio | -75.5x |
| Cash | JP¥348.28b |
| Equity | JP¥2.03t |
| Total liabilities | JP¥3.99t |
| Total assets | JP¥6.02t |
Recent financial health updates
No updates
Recent updates
Investors Will Want Mitsubishi Heavy Industries' (TSE:7011) Growth In ROCE To Persist
Apr 05
Mitsubishi Heavy Industries (TSE:7011) Will Pay A Dividend Of ¥80.00
Mar 15Mitsubishi Heavy Industries' (TSE:7011) Dividend Will Be ¥80.00
Mar 01Why Investors Shouldn't Be Surprised By Mitsubishi Heavy Industries, Ltd.'s (TSE:7011) 29% Share Price Surge
Feb 27Financial Position Analysis
Short Term Liabilities: 7011's short term assets (¥3,445.1B) exceed its short term liabilities (¥3,000.9B).
Long Term Liabilities: 7011's short term assets (¥3,445.1B) exceed its long term liabilities (¥989.0B).
Debt to Equity History and Analysis
Debt Level: 7011's net debt to equity ratio (63.8%) is considered high.
Reducing Debt: 7011's debt to equity ratio has increased from 78.8% to 81% over the past 5 years.
Debt Coverage: 7011's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 7011 earns more interest than it pays, so coverage of interest payments is not a concern.