Meiwa Estate Company Limited

TSE:8869 Stock Report

Market Cap: JP¥23.6b

Meiwa Estate Balance Sheet Health

Financial Health criteria checks 3/6

Meiwa Estate has a total shareholder equity of ¥32.7B and total debt of ¥68.9B, which brings its debt-to-equity ratio to 210.7%. Its total assets and total liabilities are ¥119.4B and ¥86.7B respectively. Meiwa Estate's EBIT is ¥6.0B making its interest coverage ratio 5.9. It has cash and short-term investments of ¥20.6B.

Key information

210.7%

Debt to equity ratio

JP¥68.87b

Debt

Interest coverage ratio5.9x
CashJP¥20.62b
EquityJP¥32.68b
Total liabilitiesJP¥86.71b
Total assetsJP¥119.39b

Recent financial health updates

Recent updates

Weak Statutory Earnings May Not Tell The Whole Story For Meiwa Estate (TSE:8869)

Nov 18
Weak Statutory Earnings May Not Tell The Whole Story For Meiwa Estate (TSE:8869)

Meiwa Estate (TSE:8869) Has Affirmed Its Dividend Of ¥40.00

Nov 13
Meiwa Estate (TSE:8869) Has Affirmed Its Dividend Of ¥40.00

Meiwa Estate (TSE:8869) Has No Shortage Of Debt

Aug 06
Meiwa Estate (TSE:8869) Has No Shortage Of Debt

Meiwa Estate (TSE:8869) Is Paying Out Less In Dividends Than Last Year

Mar 11
Meiwa Estate (TSE:8869) Is Paying Out Less In Dividends Than Last Year

Meiwa Estate (TSE:8869) Has Announced That Its Dividend Will Be Reduced To ¥40.00

Feb 26
Meiwa Estate (TSE:8869) Has Announced That Its Dividend Will Be Reduced To ¥40.00

Financial Position Analysis

Short Term Liabilities: 8869's short term assets (¥107.5B) exceed its short term liabilities (¥48.6B).

Long Term Liabilities: 8869's short term assets (¥107.5B) exceed its long term liabilities (¥38.1B).


Debt to Equity History and Analysis

Debt Level: 8869's net debt to equity ratio (147.6%) is considered high.

Reducing Debt: 8869's debt to equity ratio has increased from 123.3% to 210.7% over the past 5 years.

Debt Coverage: 8869's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 8869's interest payments on its debt are well covered by EBIT (5.9x coverage).


Balance Sheet


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