Mainichi Comnet Balance Sheet Health
Financial Health criteria checks 4/6
Mainichi Comnet has a total shareholder equity of ¥11.9B and total debt of ¥12.1B, which brings its debt-to-equity ratio to 101.1%. Its total assets and total liabilities are ¥28.1B and ¥16.2B respectively. Mainichi Comnet's EBIT is ¥1.6B making its interest coverage ratio 21.7. It has cash and short-term investments of ¥6.2B.
Key information
101.1%
Debt to equity ratio
JP¥12.06b
Debt
| Interest coverage ratio | 21.7x |
| Cash | JP¥6.23b |
| Equity | JP¥11.93b |
| Total liabilities | JP¥16.20b |
| Total assets | JP¥28.13b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8908's short term assets (¥20.2B) exceed its short term liabilities (¥6.6B).
Long Term Liabilities: 8908's short term assets (¥20.2B) exceed its long term liabilities (¥9.6B).
Debt to Equity History and Analysis
Debt Level: 8908's net debt to equity ratio (48.8%) is considered high.
Reducing Debt: 8908's debt to equity ratio has reduced from 118.2% to 101.1% over the past 5 years.
Debt Coverage: 8908's debt is not well covered by operating cash flow (12%).
Interest Coverage: 8908's interest payments on its debt are well covered by EBIT (21.7x coverage).