Morinaga Milk Industry Balance Sheet Health
Financial Health criteria checks 5/6
Morinaga Milk Industry has a total shareholder equity of ¥286.5B and total debt of ¥98.8B, which brings its debt-to-equity ratio to 34.5%. Its total assets and total liabilities are ¥543.2B and ¥256.7B respectively. Morinaga Milk Industry's EBIT is ¥24.5B making its interest coverage ratio 388.6. It has cash and short-term investments of ¥29.2B.
Key information
34.5%
Debt to equity ratio
JP¥98.78b
Debt
| Interest coverage ratio | 388.6x |
| Cash | JP¥29.18b |
| Equity | JP¥286.50b |
| Total liabilities | JP¥256.74b |
| Total assets | JP¥543.23b |
Recent financial health updates
Recent updates
There May Be Some Bright Spots In Morinaga Milk Industry's (TSE:2264) Earnings
Nov 21
An Intrinsic Calculation For Morinaga Milk Industry Co., Ltd. (TSE:2264) Suggests It's 28% Undervalued
Oct 30Does Morinaga Milk Industry (TSE:2264) Have A Healthy Balance Sheet?
Oct 11Return Trends At Morinaga Milk Industry (TSE:2264) Aren't Appealing
Sep 11An Intrinsic Calculation For Morinaga Milk Industry Co., Ltd. (TSE:2264) Suggests It's 41% Undervalued
Jul 27Morinaga Milk Industry Co., Ltd.'s (TSE:2264) Price Is Right But Growth Is Lacking
Jul 12Additional Considerations Required While Assessing Morinaga Milk Industry's (TSE:2264) Strong Earnings
May 22Returns On Capital At Morinaga Milk Industry (TSE:2264) Have Stalled
Apr 15Improved Earnings Required Before Morinaga Milk Industry Co., Ltd. (TSE:2264) Shares Find Their Feet
Feb 28Financial Position Analysis
Short Term Liabilities: 2264's short term assets (¥198.3B) exceed its short term liabilities (¥161.6B).
Long Term Liabilities: 2264's short term assets (¥198.3B) exceed its long term liabilities (¥95.1B).
Debt to Equity History and Analysis
Debt Level: 2264's net debt to equity ratio (24.3%) is considered satisfactory.
Reducing Debt: 2264's debt to equity ratio has reduced from 61.1% to 34.5% over the past 5 years.
Debt Coverage: 2264's debt is not well covered by operating cash flow (6.7%).
Interest Coverage: 2264's interest payments on its debt are well covered by EBIT (388.6x coverage).