M3 Balance Sheet Health
Financial Health criteria checks 5/6
M3 has a total shareholder equity of ¥366.7B and total debt of ¥18.5B, which brings its debt-to-equity ratio to 5%. Its total assets and total liabilities are ¥490.8B and ¥124.1B respectively. M3's EBIT is ¥63.0B making its interest coverage ratio -14.1. It has cash and short-term investments of ¥179.8B.
Key information
5.0%
Debt to equity ratio
JP¥18.51b
Debt
Interest coverage ratio | -14.1x |
Cash | JP¥179.83b |
Equity | JP¥366.70b |
Total liabilities | JP¥124.08b |
Total assets | JP¥490.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 2413's short term assets (¥240.7B) exceed its short term liabilities (¥67.2B).
Long Term Liabilities: 2413's short term assets (¥240.7B) exceed its long term liabilities (¥56.9B).
Debt to Equity History and Analysis
Debt Level: 2413 has more cash than its total debt.
Reducing Debt: 2413's debt to equity ratio has increased from 0% to 5% over the past 5 years.
Debt Coverage: 2413's debt is well covered by operating cash flow (315%).
Interest Coverage: 2413 earns more interest than it pays, so coverage of interest payments is not a concern.