MIRARTH HOLDINGSInc Balance Sheet Health
Financial Health criteria checks 5/6
MIRARTH HOLDINGSInc has a total shareholder equity of ¥83.8B and total debt of ¥218.9B, which brings its debt-to-equity ratio to 261.3%. Its total assets and total liabilities are ¥344.9B and ¥261.2B respectively. MIRARTH HOLDINGSInc's EBIT is ¥17.7B making its interest coverage ratio 6.2. It has cash and short-term investments of ¥37.8B.
Key information
261.3%
Debt to equity ratio
JP¥218.91b
Debt
| Interest coverage ratio | 6.2x |
| Cash | JP¥37.78b |
| Equity | JP¥83.79b |
| Total liabilities | JP¥261.15b |
| Total assets | JP¥344.94b |
Financial Position Analysis
Short Term Liabilities: 8897's short term assets (¥192.2B) exceed its short term liabilities (¥127.4B).
Long Term Liabilities: 8897's short term assets (¥192.2B) exceed its long term liabilities (¥133.8B).
Debt to Equity History and Analysis
Debt Level: 8897's net debt to equity ratio (216.2%) is considered high.
Reducing Debt: 8897's debt to equity ratio has reduced from 268.1% to 261.3% over the past 5 years.
Debt Coverage: 8897's debt is well covered by operating cash flow (22.2%).
Interest Coverage: 8897's interest payments on its debt are well covered by EBIT (6.2x coverage).