MUGEN ESTATELtd Balance Sheet Health
Financial Health criteria checks 4/6
MUGEN ESTATELtd has a total shareholder equity of ¥27.8B and total debt of ¥47.6B, which brings its debt-to-equity ratio to 171.1%. Its total assets and total liabilities are ¥80.4B and ¥52.5B respectively. MUGEN ESTATELtd's EBIT is ¥5.9B making its interest coverage ratio 8.2. It has cash and short-term investments of ¥20.4B.
Key information
171.1%
Debt to equity ratio
JP¥47.65b
Debt
| Interest coverage ratio | 8.2x |
| Cash | JP¥20.42b |
| Equity | JP¥27.84b |
| Total liabilities | JP¥52.52b |
| Total assets | JP¥80.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3299's short term assets (¥74.2B) exceed its short term liabilities (¥19.5B).
Long Term Liabilities: 3299's short term assets (¥74.2B) exceed its long term liabilities (¥33.0B).
Debt to Equity History and Analysis
Debt Level: 3299's net debt to equity ratio (97.8%) is considered high.
Reducing Debt: 3299's debt to equity ratio has reduced from 186.7% to 171.1% over the past 5 years.
Debt Coverage: 3299's debt is not well covered by operating cash flow (11.3%).
Interest Coverage: 3299's interest payments on its debt are well covered by EBIT (8.2x coverage).