Miyoshi Oil & Fat Balance Sheet Health
Financial Health criteria checks 6/6
Miyoshi Oil & Fat has a total shareholder equity of ¥30.3B and total debt of ¥12.7B, which brings its debt-to-equity ratio to 41.9%. Its total assets and total liabilities are ¥69.6B and ¥39.3B respectively. Miyoshi Oil & Fat's EBIT is ¥3.8B making its interest coverage ratio -53.4. It has cash and short-term investments of ¥8.1B.
Key information
41.9%
Debt to equity ratio
JP¥12.69b
Debt
| Interest coverage ratio | -53.4x |
| Cash | JP¥8.06b |
| Equity | JP¥30.30b |
| Total liabilities | JP¥39.25b |
| Total assets | JP¥69.56b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4404's short term assets (¥32.0B) exceed its short term liabilities (¥21.6B).
Long Term Liabilities: 4404's short term assets (¥32.0B) exceed its long term liabilities (¥17.7B).
Debt to Equity History and Analysis
Debt Level: 4404's net debt to equity ratio (15.3%) is considered satisfactory.
Reducing Debt: 4404's debt to equity ratio has reduced from 44.6% to 41.9% over the past 5 years.
Debt Coverage: 4404's debt is well covered by operating cash flow (34.4%).
Interest Coverage: 4404 earns more interest than it pays, so coverage of interest payments is not a concern.