Mitani Sangyo Balance Sheet Health
Financial Health criteria checks 6/6
Mitani Sangyo has a total shareholder equity of ¥47.2B and total debt of ¥17.6B, which brings its debt-to-equity ratio to 37.3%. Its total assets and total liabilities are ¥94.9B and ¥47.7B respectively. Mitani Sangyo's EBIT is ¥1.7B making its interest coverage ratio -4.7. It has cash and short-term investments of ¥8.9B.
Key information
37.3%
Debt to equity ratio
JP¥17.58b
Debt
Interest coverage ratio | -4.7x |
Cash | JP¥8.87b |
Equity | JP¥47.15b |
Total liabilities | JP¥47.72b |
Total assets | JP¥94.87b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8285's short term assets (¥45.9B) exceed its short term liabilities (¥36.4B).
Long Term Liabilities: 8285's short term assets (¥45.9B) exceed its long term liabilities (¥11.3B).
Debt to Equity History and Analysis
Debt Level: 8285's net debt to equity ratio (18.5%) is considered satisfactory.
Reducing Debt: 8285's debt to equity ratio has reduced from 39.6% to 37.3% over the past 5 years.
Debt Coverage: 8285's debt is well covered by operating cash flow (31.9%).
Interest Coverage: 8285 earns more interest than it pays, so coverage of interest payments is not a concern.