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 ratio | 5.9x |
Cash | JP¥20.62b |
Equity | JP¥32.68b |
Total liabilities | JP¥86.71b |
Total assets | JP¥119.39b |
Recent financial health updates
Recent updates
Weak Statutory Earnings May Not Tell The Whole Story For Meiwa Estate (TSE:8869)
Nov 18Meiwa Estate (TSE:8869) Has Affirmed Its Dividend Of ¥40.00
Nov 13Meiwa Estate (TSE:8869) Has No Shortage Of Debt
Aug 06Meiwa Estate (TSE:8869) Is Paying Out Less In Dividends Than Last Year
Mar 11Meiwa Estate (TSE:8869) Has Announced That Its Dividend Will Be Reduced To ¥40.00
Feb 26Financial 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).