Meiwa Estate Balance Sheet Health
Financial Health criteria checks 3/6
Meiwa Estate has a total shareholder equity of ¥29.4B and total debt of ¥63.6B, which brings its debt-to-equity ratio to 216.1%. Its total assets and total liabilities are ¥112.0B and ¥82.6B respectively. Meiwa Estate's EBIT is ¥6.5B making its interest coverage ratio 6.5. It has cash and short-term investments of ¥20.3B.
Key information
216.1%
Debt to equity ratio
JP¥63.56b
Debt
| Interest coverage ratio | 6.5x |
| Cash | JP¥20.27b |
| Equity | JP¥29.41b |
| Total liabilities | JP¥82.56b |
| Total assets | JP¥111.97b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8869's short term assets (¥102.3B) exceed its short term liabilities (¥42.0B).
Long Term Liabilities: 8869's short term assets (¥102.3B) exceed its long term liabilities (¥40.6B).
Debt to Equity History and Analysis
Debt Level: 8869's net debt to equity ratio (147.2%) is considered high.
Reducing Debt: 8869's debt to equity ratio has increased from 133.7% to 216.1% over the past 5 years.
Debt Coverage: 8869's debt is not well covered by operating cash flow (13.1%).
Interest Coverage: 8869's interest payments on its debt are well covered by EBIT (6.5x coverage).