Morinaga&Co Balance Sheet Health
Financial Health criteria checks 5/6
Morinaga&Co has a total shareholder equity of ¥137.2B and total debt of ¥19.0B, which brings its debt-to-equity ratio to 13.8%. Its total assets and total liabilities are ¥220.1B and ¥82.9B respectively. Morinaga&Co's EBIT is ¥19.9B making its interest coverage ratio -70.4. It has cash and short-term investments of ¥44.1B.
Key information
13.8%
Debt to equity ratio
JP¥19.00b
Debt
| Interest coverage ratio | -70.4x |
| Cash | JP¥44.15b |
| Equity | JP¥137.22b |
| Total liabilities | JP¥82.91b |
| Total assets | JP¥220.12b |
Recent financial health updates
Does Morinaga&Co (TSE:2201) Have A Healthy Balance Sheet?
Oct 25
Is Morinaga&Co (TSE:2201) A Risky Investment?
Mar 05Recent updates
Morinaga&Co (TSE:2201) Is Increasing Its Dividend To ¥60.00
Nov 14Does Morinaga&Co (TSE:2201) Have A Healthy Balance Sheet?
Oct 25An Intrinsic Calculation For Morinaga&Co., Ltd. (TSE:2201) Suggests It's 37% Undervalued
Oct 09Morinaga&Co., Ltd.'s (TSE:2201) Earnings Haven't Escaped The Attention Of Investors
Jul 13Returns On Capital At Morinaga&Co (TSE:2201) Have Hit The Brakes
Apr 19Risks To Shareholder Returns Are Elevated At These Prices For Morinaga&Co., Ltd. (TSE:2201)
Mar 20Is Morinaga&Co (TSE:2201) A Risky Investment?
Mar 05Financial Position Analysis
Short Term Liabilities: 2201's short term assets (¥114.2B) exceed its short term liabilities (¥56.4B).
Long Term Liabilities: 2201's short term assets (¥114.2B) exceed its long term liabilities (¥26.5B).
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 10.5% to 13.8% over the past 5 years.
Debt Coverage: 2201's debt is well covered by operating cash flow (121.6%).
Interest Coverage: 2201 earns more interest than it pays, so coverage of interest payments is not a concern.