Meito Sangyo Balance Sheet Health
Financial Health criteria checks 5/6
Meito Sangyo has a total shareholder equity of ¥51.1B and total debt of ¥12.9B, which brings its debt-to-equity ratio to 25.3%. Its total assets and total liabilities are ¥81.7B and ¥30.7B respectively. Meito Sangyo's EBIT is ¥232.0M making its interest coverage ratio -0.2. It has cash and short-term investments of ¥6.6B.
Key information
25.3%
Debt to equity ratio
JP¥12.91b
Debt
Interest coverage ratio | -0.2x |
Cash | JP¥6.61b |
Equity | JP¥51.07b |
Total liabilities | JP¥30.66b |
Total assets | JP¥81.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2207's short term assets (¥17.0B) exceed its short term liabilities (¥11.0B).
Long Term Liabilities: 2207's short term assets (¥17.0B) do not cover its long term liabilities (¥19.7B).
Debt to Equity History and Analysis
Debt Level: 2207's net debt to equity ratio (12.3%) is considered satisfactory.
Reducing Debt: 2207's debt to equity ratio has reduced from 31.3% to 25.3% over the past 5 years.
Debt Coverage: 2207's debt is well covered by operating cash flow (22.5%).
Interest Coverage: 2207 earns more interest than it pays, so coverage of interest payments is not a concern.