Meiwa Balance Sheet Health
Financial Health criteria checks 6/6
Meiwa has a total shareholder equity of ¥38.8B and total debt of ¥4.9B, which brings its debt-to-equity ratio to 12.5%. Its total assets and total liabilities are ¥85.4B and ¥46.6B respectively. Meiwa's EBIT is ¥3.0B making its interest coverage ratio -12.6. It has cash and short-term investments of ¥9.6B.
Key information
12.5%
Debt to equity ratio
JP¥4.86b
Debt
Interest coverage ratio | -12.6x |
Cash | JP¥9.60b |
Equity | JP¥38.78b |
Total liabilities | JP¥46.57b |
Total assets | JP¥85.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8103's short term assets (¥67.1B) exceed its short term liabilities (¥42.1B).
Long Term Liabilities: 8103's short term assets (¥67.1B) exceed its long term liabilities (¥4.5B).
Debt to Equity History and Analysis
Debt Level: 8103 has more cash than its total debt.
Reducing Debt: 8103's debt to equity ratio has reduced from 15.9% to 12.5% over the past 5 years.
Debt Coverage: 8103's debt is well covered by operating cash flow (112%).
Interest Coverage: 8103 earns more interest than it pays, so coverage of interest payments is not a concern.