Mitani Balance Sheet Health
Financial Health criteria checks 6/6
Mitani has a total shareholder equity of ¥187.4B and total debt of ¥9.3B, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are ¥289.9B and ¥102.5B respectively. Mitani's EBIT is ¥28.9B making its interest coverage ratio -44.7. It has cash and short-term investments of ¥117.7B.
Key information
5.0%
Debt to equity ratio
JP¥9.30b
Debt
| Interest coverage ratio | -44.7x |
| Cash | JP¥117.74b |
| Equity | JP¥187.38b |
| Total liabilities | JP¥102.53b |
| Total assets | JP¥289.90b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 8066's short term assets (¥229.3B) exceed its short term liabilities (¥91.8B).
Long Term Liabilities: 8066's short term assets (¥229.3B) exceed its long term liabilities (¥10.8B).
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 7.3% to 5% over the past 5 years.
Debt Coverage: 8066's debt is well covered by operating cash flow (251.4%).
Interest Coverage: 8066 earns more interest than it pays, so coverage of interest payments is not a concern.