Mainichi Comnet Balance Sheet Health
Financial Health criteria checks 4/6
Mainichi Comnet has a total shareholder equity of ¥11.3B and total debt of ¥12.3B, which brings its debt-to-equity ratio to 109.1%. Its total assets and total liabilities are ¥28.2B and ¥16.9B respectively. Mainichi Comnet's EBIT is ¥2.1B making its interest coverage ratio 33.3. It has cash and short-term investments of ¥5.9B.
Key information
109.1%
Debt to equity ratio
JP¥12.33b
Debt
Interest coverage ratio | 33.3x |
Cash | JP¥5.93b |
Equity | JP¥11.31b |
Total liabilities | JP¥16.92b |
Total assets | JP¥28.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8908's short term assets (¥20.3B) exceed its short term liabilities (¥5.0B).
Long Term Liabilities: 8908's short term assets (¥20.3B) exceed its long term liabilities (¥11.9B).
Debt to Equity History and Analysis
Debt Level: 8908's net debt to equity ratio (56.6%) is considered high.
Reducing Debt: 8908's debt to equity ratio has reduced from 146.8% to 109.1% over the past 5 years.
Debt Coverage: 8908's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8908's interest payments on its debt are well covered by EBIT (33.3x coverage).