Mitsubishi Chemical Group Balance Sheet Health
Financial Health criteria checks 5/6
Mitsubishi Chemical Group has a total shareholder equity of ¥2,258.0B and total debt of ¥2,092.7B, which brings its debt-to-equity ratio to 92.7%. Its total assets and total liabilities are ¥5,945.2B and ¥3,687.3B respectively. Mitsubishi Chemical Group's EBIT is ¥246.7B making its interest coverage ratio 4.6. It has cash and short-term investments of ¥297.5B.
Key information
92.7%
Debt to equity ratio
JP¥2.09t
Debt
| Interest coverage ratio | 4.6x |
| Cash | JP¥297.53b |
| Equity | JP¥2.26t |
| Total liabilities | JP¥3.69t |
| Total assets | JP¥5.95t |
Recent financial health updates
No updates
Recent updates
Mitsubishi Chemical Group Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Aug 03
Mitsubishi Chemical Group Corporation's (TSE:4188) Low P/E No Reason For Excitement
Jul 22Is Mitsubishi Chemical Group Corporation (TSE:4188) Trading At A 40% Discount?
Jun 11Mitsubishi Chemical Group (TSE:4188) Has Announced A Dividend Of ¥16.00
Mar 28Mitsubishi Chemical Group's (TSE:4188) Dividend Will Be ¥16.00
Feb 28Financial Position Analysis
Short Term Liabilities: 4188's short term assets (¥2,152.3B) exceed its short term liabilities (¥1,567.5B).
Long Term Liabilities: 4188's short term assets (¥2,152.3B) exceed its long term liabilities (¥2,119.7B).
Debt to Equity History and Analysis
Debt Level: 4188's net debt to equity ratio (79.5%) is considered high.
Reducing Debt: 4188's debt to equity ratio has reduced from 102.5% to 92.7% over the past 5 years.
Debt Coverage: 4188's debt is well covered by operating cash flow (26%).
Interest Coverage: 4188's interest payments on its debt are well covered by EBIT (4.6x coverage).