MICS Chemical Balance Sheet Health
Financial Health criteria checks 6/6
MICS Chemical has a total shareholder equity of ¥3.2B and total debt of ¥9.0M, which brings its debt-to-equity ratio to 0.3%. Its total assets and total liabilities are ¥3.7B and ¥579.0M respectively. MICS Chemical's EBIT is ¥131.0M making its interest coverage ratio -131. It has cash and short-term investments of ¥1.6B.
Key information
0.3%
Debt to equity ratio
JP¥9.00m
Debt
| Interest coverage ratio | -131x |
| Cash | JP¥1.63b |
| Equity | JP¥3.16b |
| Total liabilities | JP¥579.00m |
| Total assets | JP¥3.74b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7899's short term assets (¥2.6B) exceed its short term liabilities (¥564.0M).
Long Term Liabilities: 7899's short term assets (¥2.6B) exceed its long term liabilities (¥15.0M).
Debt to Equity History and Analysis
Debt Level: 7899 has more cash than its total debt.
Reducing Debt: 7899's debt to equity ratio has reduced from 0.6% to 0.3% over the past 5 years.
Debt Coverage: 7899's debt is well covered by operating cash flow (1644.4%).
Interest Coverage: 7899 earns more interest than it pays, so coverage of interest payments is not a concern.