Meiho Enterprise Balance Sheet Health
Financial Health criteria checks 3/6
Meiho Enterprise has a total shareholder equity of ¥8.0B and total debt of ¥16.9B, which brings its debt-to-equity ratio to 211.5%. Its total assets and total liabilities are ¥28.1B and ¥20.1B respectively. Meiho Enterprise's EBIT is ¥2.4B making its interest coverage ratio 6.6. It has cash and short-term investments of ¥3.1B.
Key information
211.5%
Debt to equity ratio
JP¥16.90b
Debt
Interest coverage ratio | 6.6x |
Cash | JP¥3.11b |
Equity | JP¥7.99b |
Total liabilities | JP¥20.12b |
Total assets | JP¥28.10b |
Recent financial health updates
Recent updates
Meiho Enterprise's (TSE:8927) Dividend Will Be ¥5.50
Nov 07Meiho Enterprise (TSE:8927) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Sep 20Is Now The Time To Put Meiho Enterprise (TSE:8927) On Your Watchlist?
Sep 11Meiho Enterprise Co., Ltd. (TSE:8927) Stock's 39% Dive Might Signal An Opportunity But It Requires Some Scrutiny
Aug 06Meiho Enterprise (TSE:8927) Will Pay A Dividend Of ¥5.50
Jul 20Market Might Still Lack Some Conviction On Meiho Enterprise Co., Ltd. (TSE:8927) Even After 27% Share Price Boost
Mar 29Meiho Enterprise (TYO:8927) Has A Pretty Healthy Balance Sheet
Mar 04Why Meiho Enterprise Co., Ltd. (TYO:8927) Is A Dividend Rockstar
Jan 28Should Meiho Enterprise Co., Ltd. (TYO:8927) Focus On Improving This Fundamental Metric?
Dec 09Financial Position Analysis
Short Term Liabilities: 8927's short term assets (¥25.3B) exceed its short term liabilities (¥10.6B).
Long Term Liabilities: 8927's short term assets (¥25.3B) exceed its long term liabilities (¥9.5B).
Debt to Equity History and Analysis
Debt Level: 8927's net debt to equity ratio (172.6%) is considered high.
Reducing Debt: 8927's debt to equity ratio has increased from 149.7% to 211.5% over the past 5 years.
Debt Coverage: 8927's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8927's interest payments on its debt are well covered by EBIT (6.6x coverage).