Mitsubishi Materials Balance Sheet Health
Financial Health criteria checks 3/6
Mitsubishi Materials has a total shareholder equity of ¥664.5B and total debt of ¥602.2B, which brings its debt-to-equity ratio to 90.6%. Its total assets and total liabilities are ¥2,031.5B and ¥1,367.0B respectively. Mitsubishi Materials's EBIT is ¥27.5B making its interest coverage ratio -1.3. It has cash and short-term investments of ¥115.2B.
Key information
90.6%
Debt to equity ratio
JP¥602.21b
Debt
Interest coverage ratio | -1.3x |
Cash | JP¥115.22b |
Equity | JP¥664.50b |
Total liabilities | JP¥1.37t |
Total assets | JP¥2.03t |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5711's short term assets (¥1,183.8B) exceed its short term liabilities (¥900.6B).
Long Term Liabilities: 5711's short term assets (¥1,183.8B) exceed its long term liabilities (¥466.3B).
Debt to Equity History and Analysis
Debt Level: 5711's net debt to equity ratio (73.3%) is considered high.
Reducing Debt: 5711's debt to equity ratio has increased from 71.9% to 90.6% over the past 5 years.
Debt Coverage: 5711's debt is not well covered by operating cash flow (9.5%).
Interest Coverage: 5711 earns more interest than it pays, so coverage of interest payments is not a concern.