Mitani Sangyo Balance Sheet Health
Financial Health criteria checks 5/6
Mitani Sangyo has a total shareholder equity of ¥47.4B and total debt of ¥16.2B, which brings its debt-to-equity ratio to 34.3%. Its total assets and total liabilities are ¥91.4B and ¥44.0B respectively. Mitani Sangyo's EBIT is ¥1.6B making its interest coverage ratio -4.1. It has cash and short-term investments of ¥8.2B.
Key information
34.3%
Debt to equity ratio
JP¥16.24b
Debt
| Interest coverage ratio | -4.1x |
| Cash | JP¥8.17b |
| Equity | JP¥47.39b |
| Total liabilities | JP¥43.96b |
| Total assets | JP¥91.35b |
Recent financial health updates
No updates
Recent updates
Mitani Sangyo (TSE:8285) Has Announced A Dividend Of ¥4.50
Sep 04
Mitani Sangyo's (TSE:8285) Dividend Will Be ¥4.50
Aug 21Mitani Sangyo (TSE:8285) Will Pay A Dividend Of ¥4.50
Jul 26Mitani Sangyo (TSE:8285) Will Pay A Dividend Of ¥4.50
Jul 12Additional Considerations Required While Assessing Mitani Sangyo's (TSE:8285) Strong Earnings
May 07Financial Position Analysis
Short Term Liabilities: 8285's short term assets (¥43.4B) exceed its short term liabilities (¥33.1B).
Long Term Liabilities: 8285's short term assets (¥43.4B) exceed its long term liabilities (¥10.9B).
Debt to Equity History and Analysis
Debt Level: 8285's net debt to equity ratio (17%) is considered satisfactory.
Reducing Debt: 8285's debt to equity ratio has increased from 32.8% to 34.3% over the past 5 years.
Debt Coverage: 8285's debt is well covered by operating cash flow (38.9%).
Interest Coverage: 8285 earns more interest than it pays, so coverage of interest payments is not a concern.