Miyoshi Oil & Fat Balance Sheet Health
Financial Health criteria checks 6/6
Miyoshi Oil & Fat has a total shareholder equity of ¥29.7B and total debt of ¥13.0B, which brings its debt-to-equity ratio to 43.7%. Its total assets and total liabilities are ¥63.9B and ¥34.2B respectively. Miyoshi Oil & Fat's EBIT is ¥3.7B making its interest coverage ratio -35.2. It has cash and short-term investments of ¥5.7B.
Key information
43.7%
Debt to equity ratio
JP¥12.99b
Debt
Interest coverage ratio | -35.2x |
Cash | JP¥5.68b |
Equity | JP¥29.74b |
Total liabilities | JP¥34.20b |
Total assets | JP¥63.94b |
Financial Position Analysis
Short Term Liabilities: 4404's short term assets (¥31.9B) exceed its short term liabilities (¥25.8B).
Long Term Liabilities: 4404's short term assets (¥31.9B) exceed its long term liabilities (¥8.4B).
Debt to Equity History and Analysis
Debt Level: 4404's net debt to equity ratio (24.6%) is considered satisfactory.
Reducing Debt: 4404's debt to equity ratio has reduced from 47.4% to 43.7% over the past 5 years.
Debt Coverage: 4404's debt is well covered by operating cash flow (28.6%).
Interest Coverage: 4404 earns more interest than it pays, so coverage of interest payments is not a concern.