Midac Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Midac Holdings has a total shareholder equity of ¥13.3B and total debt of ¥10.2B, which brings its debt-to-equity ratio to 76.6%. Its total assets and total liabilities are ¥26.7B and ¥13.4B respectively. Midac Holdings's EBIT is ¥3.9B making its interest coverage ratio 40.8. It has cash and short-term investments of ¥7.9B.
Key information
76.6%
Debt to equity ratio
JP¥10.19b
Debt
| Interest coverage ratio | 40.8x |
| Cash | JP¥7.89b |
| Equity | JP¥13.30b |
| Total liabilities | JP¥13.37b |
| Total assets | JP¥26.67b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6564's short term assets (¥9.5B) exceed its short term liabilities (¥6.2B).
Long Term Liabilities: 6564's short term assets (¥9.5B) exceed its long term liabilities (¥7.1B).
Debt to Equity History and Analysis
Debt Level: 6564's net debt to equity ratio (17.3%) is considered satisfactory.
Reducing Debt: 6564's debt to equity ratio has reduced from 217.4% to 76.6% over the past 5 years.
Debt Coverage: 6564's debt is well covered by operating cash flow (26%).
Interest Coverage: 6564's interest payments on its debt are well covered by EBIT (40.8x coverage).