Midac Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Midac Holdings has a total shareholder equity of ¥12.1B and total debt of ¥10.5B, which brings its debt-to-equity ratio to 86.8%. Its total assets and total liabilities are ¥25.9B and ¥13.8B respectively. Midac Holdings's EBIT is ¥3.3B making its interest coverage ratio 39.8. It has cash and short-term investments of ¥7.9B.
Key information
86.8%
Debt to equity ratio
JP¥10.52b
Debt
Interest coverage ratio | 39.8x |
Cash | JP¥7.89b |
Equity | JP¥12.13b |
Total liabilities | JP¥13.77b |
Total assets | JP¥25.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6564's short term assets (¥9.4B) exceed its short term liabilities (¥6.5B).
Long Term Liabilities: 6564's short term assets (¥9.4B) exceed its long term liabilities (¥7.3B).
Debt to Equity History and Analysis
Debt Level: 6564's net debt to equity ratio (21.7%) is considered satisfactory.
Reducing Debt: 6564's debt to equity ratio has reduced from 150.7% to 86.8% over the past 5 years.
Debt Coverage: 6564's debt is well covered by operating cash flow (23%).
Interest Coverage: 6564's interest payments on its debt are well covered by EBIT (39.8x coverage).