Mirai IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Mirai IndustryLtd has a total shareholder equity of ¥51.5B and total debt of ¥354.0M, which brings its debt-to-equity ratio to 0.7%. Its total assets and total liabilities are ¥64.2B and ¥12.7B respectively. Mirai IndustryLtd's EBIT is ¥7.5B making its interest coverage ratio -112.7. It has cash and short-term investments of ¥19.5B.
Key information
0.7%
Debt to equity ratio
JP¥354.00m
Debt
| Interest coverage ratio | -112.7x |
| Cash | JP¥19.45b |
| Equity | JP¥51.52b |
| Total liabilities | JP¥12.69b |
| Total assets | JP¥64.21b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7931's short term assets (¥40.8B) exceed its short term liabilities (¥10.0B).
Long Term Liabilities: 7931's short term assets (¥40.8B) exceed its long term liabilities (¥2.7B).
Debt to Equity History and Analysis
Debt Level: 7931 has more cash than its total debt.
Reducing Debt: 7931's debt to equity ratio has reduced from 2.1% to 0.7% over the past 5 years.
Debt Coverage: 7931's debt is well covered by operating cash flow (2061.6%).
Interest Coverage: 7931 earns more interest than it pays, so coverage of interest payments is not a concern.