Morinaga Milk Industry Balance Sheet Health
Financial Health criteria checks 6/6
Morinaga Milk Industry has a total shareholder equity of ¥282.8B and total debt of ¥83.3B, which brings its debt-to-equity ratio to 29.5%. Its total assets and total liabilities are ¥572.7B and ¥289.9B respectively. Morinaga Milk Industry's EBIT is ¥31.5B making its interest coverage ratio 264.7. It has cash and short-term investments of ¥75.7B.
Key information
29.5%
Debt to equity ratio
JP¥83.33b
Debt
Interest coverage ratio | 264.7x |
Cash | JP¥75.73b |
Equity | JP¥282.82b |
Total liabilities | JP¥289.89b |
Total assets | JP¥572.71b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2264's short term assets (¥241.7B) exceed its short term liabilities (¥199.7B).
Long Term Liabilities: 2264's short term assets (¥241.7B) exceed its long term liabilities (¥90.1B).
Debt to Equity History and Analysis
Debt Level: 2264's net debt to equity ratio (2.7%) is considered satisfactory.
Reducing Debt: 2264's debt to equity ratio has reduced from 54.5% to 29.5% over the past 5 years.
Debt Coverage: 2264's debt is well covered by operating cash flow (46.8%).
Interest Coverage: 2264's interest payments on its debt are well covered by EBIT (264.7x coverage).