Morito Balance Sheet Health
Financial Health criteria checks 6/6
Morito has a total shareholder equity of ¥37.8B and total debt of ¥1.4B, which brings its debt-to-equity ratio to 3.7%. Its total assets and total liabilities are ¥49.8B and ¥12.0B respectively. Morito's EBIT is ¥2.5B making its interest coverage ratio -23.1. It has cash and short-term investments of ¥12.6B.
Key information
3.7%
Debt to equity ratio
JP¥1.40b
Debt
Interest coverage ratio | -23.1x |
Cash | JP¥12.58b |
Equity | JP¥37.81b |
Total liabilities | JP¥12.00b |
Total assets | JP¥49.80b |
Financial Position Analysis
Short Term Liabilities: 9837's short term assets (¥30.0B) exceed its short term liabilities (¥7.7B).
Long Term Liabilities: 9837's short term assets (¥30.0B) exceed its long term liabilities (¥4.3B).
Debt to Equity History and Analysis
Debt Level: 9837 has more cash than its total debt.
Reducing Debt: 9837's debt to equity ratio has reduced from 16.8% to 3.7% over the past 5 years.
Debt Coverage: 9837's debt is well covered by operating cash flow (313.5%).
Interest Coverage: 9837 earns more interest than it pays, so coverage of interest payments is not a concern.