Miyoshi Oil & Fat Balance Sheet Health
Financial Health criteria checks 6/6
Miyoshi Oil & Fat has a total shareholder equity of ¥28.3B and total debt of ¥12.1B, which brings its debt-to-equity ratio to 42.8%. Its total assets and total liabilities are ¥62.4B and ¥34.2B respectively. Miyoshi Oil & Fat's EBIT is ¥2.4B making its interest coverage ratio -20.4. It has cash and short-term investments of ¥6.1B.
Key information
42.8%
Debt to equity ratio
JP¥12.10b
Debt
Interest coverage ratio | -20.4x |
Cash | JP¥6.11b |
Equity | JP¥28.26b |
Total liabilities | JP¥34.19b |
Total assets | JP¥62.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 4404's short term assets (¥32.7B) exceed its short term liabilities (¥26.2B).
Long Term Liabilities: 4404's short term assets (¥32.7B) exceed its long term liabilities (¥8.0B).
Debt to Equity History and Analysis
Debt Level: 4404's net debt to equity ratio (21.2%) is considered satisfactory.
Reducing Debt: 4404's debt to equity ratio has reduced from 49.5% to 42.8% over the past 5 years.
Debt Coverage: 4404's debt is well covered by operating cash flow (30.7%).
Interest Coverage: 4404 earns more interest than it pays, so coverage of interest payments is not a concern.