Mirai IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Mirai IndustryLtd has a total shareholder equity of ¥50.8B and total debt of ¥265.0M, which brings its debt-to-equity ratio to 0.5%. Its total assets and total liabilities are ¥63.5B and ¥12.7B respectively. Mirai IndustryLtd's EBIT is ¥7.3B making its interest coverage ratio -124.3. It has cash and short-term investments of ¥19.9B.
Key information
0.5%
Debt to equity ratio
JP¥265.00m
Debt
| Interest coverage ratio | -124.3x |
| Cash | JP¥19.93b |
| Equity | JP¥50.79b |
| Total liabilities | JP¥12.74b |
| Total assets | JP¥63.53b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7931's short term assets (¥40.4B) exceed its short term liabilities (¥10.2B).
Long Term Liabilities: 7931's short term assets (¥40.4B) exceed its long term liabilities (¥2.6B).
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 1.4% to 0.5% over the past 5 years.
Debt Coverage: 7931's debt is well covered by operating cash flow (1154.3%).
Interest Coverage: 7931 earns more interest than it pays, so coverage of interest payments is not a concern.