Meiji Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Meiji Holdings has a total shareholder equity of ¥793.5B and total debt of ¥81.2B, which brings its debt-to-equity ratio to 10.2%. Its total assets and total liabilities are ¥1,236.0B and ¥442.5B respectively. Meiji Holdings's EBIT is ¥80.4B making its interest coverage ratio -56.6. It has cash and short-term investments of ¥92.3B.
Key information
10.2%
Debt to equity ratio
JP¥81.17b
Debt
| Interest coverage ratio | -56.6x |
| Cash | JP¥92.27b |
| Equity | JP¥793.48b |
| Total liabilities | JP¥442.50b |
| Total assets | JP¥1.24t |
Recent financial health updates
Recent updates
Meiji Holdings (TSE:2269) Has A Pretty Healthy Balance Sheet
May 01
Meiji Holdings Co., Ltd.'s (TSE:2269) Shares May Have Run Too Fast Too Soon
Apr 11Meiji Holdings (TSE:2269) Will Be Hoping To Turn Its Returns On Capital Around
Mar 19Meiji Holdings Co., Ltd.'s (TSE:2269) Intrinsic Value Is Potentially 31% Above Its Share Price
Feb 29Financial Position Analysis
Short Term Liabilities: 2269's short term assets (¥559.0B) exceed its short term liabilities (¥324.7B).
Long Term Liabilities: 2269's short term assets (¥559.0B) exceed its long term liabilities (¥117.8B).
Debt to Equity History and Analysis
Debt Level: 2269 has more cash than its total debt.
Reducing Debt: 2269's debt to equity ratio has reduced from 26.2% to 10.2% over the past 5 years.
Debt Coverage: 2269's debt is well covered by operating cash flow (139%).
Interest Coverage: 2269 earns more interest than it pays, so coverage of interest payments is not a concern.