Mitani Balance Sheet Health
Financial Health criteria checks 6/6
Mitani has a total shareholder equity of ¥181.3B and total debt of ¥8.2B, which brings its debt-to-equity ratio to 4.5%. Its total assets and total liabilities are ¥294.7B and ¥113.5B respectively. Mitani's EBIT is ¥25.0B making its interest coverage ratio -151.5. It has cash and short-term investments of ¥112.4B.
Key information
4.5%
Debt to equity ratio
JP¥8.18b
Debt
Interest coverage ratio | -151.5x |
Cash | JP¥112.39b |
Equity | JP¥181.25b |
Total liabilities | JP¥113.45b |
Total assets | JP¥294.70b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8066's short term assets (¥234.6B) exceed its short term liabilities (¥101.3B).
Long Term Liabilities: 8066's short term assets (¥234.6B) exceed its long term liabilities (¥12.1B).
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 7.7% to 4.5% over the past 5 years.
Debt Coverage: 8066's debt is well covered by operating cash flow (354.8%).
Interest Coverage: 8066 earns more interest than it pays, so coverage of interest payments is not a concern.