Mitani Balance Sheet Health
Financial Health criteria checks 6/6
Mitani has a total shareholder equity of ¥188.2B and total debt of ¥7.8B, which brings its debt-to-equity ratio to 4.1%. Its total assets and total liabilities are ¥294.3B and ¥106.1B respectively. Mitani's EBIT is ¥27.4B making its interest coverage ratio -39.4. It has cash and short-term investments of ¥122.6B.
Key information
4.1%
Debt to equity ratio
JP¥7.76b
Debt
| Interest coverage ratio | -39.4x |
| Cash | JP¥122.63b |
| Equity | JP¥188.17b |
| Total liabilities | JP¥106.13b |
| Total assets | JP¥294.30b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8066's short term assets (¥233.5B) exceed its short term liabilities (¥95.4B).
Long Term Liabilities: 8066's short term assets (¥233.5B) exceed its long term liabilities (¥10.7B).
Debt to Equity History and Analysis
Debt Level: 8066 has more cash than its total debt.
Reducing Debt: 8066's debt to equity ratio has reduced from 6.9% to 4.1% over the past 5 years.
Debt Coverage: 8066's debt is well covered by operating cash flow (406.9%).
Interest Coverage: 8066 earns more interest than it pays, so coverage of interest payments is not a concern.