Morinaga&Co Balance Sheet Health
Financial Health criteria checks 5/6
Morinaga&Co has a total shareholder equity of ¥128.9B and total debt of ¥19.0B, which brings its debt-to-equity ratio to 14.7%. Its total assets and total liabilities are ¥212.1B and ¥83.2B respectively. Morinaga&Co's EBIT is ¥21.1B making its interest coverage ratio -126.5. It has cash and short-term investments of ¥40.4B.
Key information
14.7%
Debt to equity ratio
JP¥19.00b
Debt
Interest coverage ratio | -126.5x |
Cash | JP¥40.39b |
Equity | JP¥128.87b |
Total liabilities | JP¥83.19b |
Total assets | JP¥212.06b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 2201's short term assets (¥109.8B) exceed its short term liabilities (¥55.4B).
Long Term Liabilities: 2201's short term assets (¥109.8B) exceed its long term liabilities (¥27.8B).
Debt to Equity History and Analysis
Debt Level: 2201 has more cash than its total debt.
Reducing Debt: 2201's debt to equity ratio has increased from 10.7% to 14.7% over the past 5 years.
Debt Coverage: 2201's debt is well covered by operating cash flow (72.5%).
Interest Coverage: 2201 earns more interest than it pays, so coverage of interest payments is not a concern.