MIRARTH HOLDINGSInc Balance Sheet Health
Financial Health criteria checks 2/6
MIRARTH HOLDINGSInc has a total shareholder equity of ¥63.0B and total debt of ¥258.0B, which brings its debt-to-equity ratio to 409.6%. Its total assets and total liabilities are ¥378.5B and ¥315.5B respectively. MIRARTH HOLDINGSInc's EBIT is ¥7.2B making its interest coverage ratio 2.7. It has cash and short-term investments of ¥48.6B.
Key information
409.6%
Debt to equity ratio
JP¥257.99b
Debt
Interest coverage ratio | 2.7x |
Cash | JP¥48.63b |
Equity | JP¥62.98b |
Total liabilities | JP¥315.48b |
Total assets | JP¥378.46b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8897's short term assets (¥230.6B) exceed its short term liabilities (¥142.3B).
Long Term Liabilities: 8897's short term assets (¥230.6B) exceed its long term liabilities (¥173.2B).
Debt to Equity History and Analysis
Debt Level: 8897's net debt to equity ratio (332.4%) is considered high.
Reducing Debt: 8897's debt to equity ratio has increased from 296.3% to 409.6% over the past 5 years.
Debt Coverage: 8897's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8897's interest payments on its debt are not well covered by EBIT (2.7x coverage).