Mino Ceramic Balance Sheet Health
Financial Health criteria checks 6/6
Mino Ceramic has a total shareholder equity of ¥13.0B and total debt of ¥1.6B, which brings its debt-to-equity ratio to 12.1%. Its total assets and total liabilities are ¥19.5B and ¥6.4B respectively. Mino Ceramic's EBIT is ¥1.4B making its interest coverage ratio -24.6. It has cash and short-term investments of ¥3.7B.
Key information
12.1%
Debt to equity ratio
JP¥1.58b
Debt
Interest coverage ratio | -24.6x |
Cash | JP¥3.75b |
Equity | JP¥13.05b |
Total liabilities | JP¥6.41b |
Total assets | JP¥19.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5356's short term assets (¥11.6B) exceed its short term liabilities (¥5.1B).
Long Term Liabilities: 5356's short term assets (¥11.6B) exceed its long term liabilities (¥1.4B).
Debt to Equity History and Analysis
Debt Level: 5356 has more cash than its total debt.
Reducing Debt: 5356's debt to equity ratio has reduced from 22.4% to 12.1% over the past 5 years.
Debt Coverage: 5356's debt is well covered by operating cash flow (66.8%).
Interest Coverage: 5356 earns more interest than it pays, so coverage of interest payments is not a concern.