Meito Sangyo Balance Sheet Health
Financial Health criteria checks 4/6
Meito Sangyo has a total shareholder equity of ¥49.0B and total debt of ¥11.1B, which brings its debt-to-equity ratio to 22.6%. Its total assets and total liabilities are ¥76.7B and ¥27.7B respectively. Meito Sangyo's EBIT is ¥362.0M making its interest coverage ratio -0.4. It has cash and short-term investments of ¥6.4B.
Key information
22.6%
Debt to equity ratio
JP¥11.09b
Debt
Interest coverage ratio | -0.4x |
Cash | JP¥6.43b |
Equity | JP¥48.96b |
Total liabilities | JP¥27.73b |
Total assets | JP¥76.69b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2207's short term assets (¥17.2B) exceed its short term liabilities (¥8.7B).
Long Term Liabilities: 2207's short term assets (¥17.2B) do not cover its long term liabilities (¥19.1B).
Debt to Equity History and Analysis
Debt Level: 2207's net debt to equity ratio (9.5%) is considered satisfactory.
Reducing Debt: 2207's debt to equity ratio has reduced from 28.7% to 22.6% over the past 5 years.
Debt Coverage: 2207's debt is not well covered by operating cash flow (14.6%).
Interest Coverage: 2207 earns more interest than it pays, so coverage of interest payments is not a concern.