Mirai IndustryLtd Balance Sheet Health
Financial Health criteria checks 6/6
Mirai IndustryLtd has a total shareholder equity of ¥50.2B and total debt of ¥395.0M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are ¥62.1B and ¥11.9B respectively. Mirai IndustryLtd's EBIT is ¥7.6B making its interest coverage ratio -120.1. It has cash and short-term investments of ¥18.2B.
Key information
0.8%
Debt to equity ratio
JP¥395.00m
Debt
Interest coverage ratio | -120.1x |
Cash | JP¥18.15b |
Equity | JP¥50.19b |
Total liabilities | JP¥11.86b |
Total assets | JP¥62.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7931's short term assets (¥39.1B) exceed its short term liabilities (¥9.2B).
Long Term Liabilities: 7931's short term assets (¥39.1B) 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 2.5% to 0.8% over the past 5 years.
Debt Coverage: 7931's debt is well covered by operating cash flow (1183.5%).
Interest Coverage: 7931 earns more interest than it pays, so coverage of interest payments is not a concern.