Meiho Enterprise Balance Sheet Health
Financial Health criteria checks 4/6
Meiho Enterprise has a total shareholder equity of ¥8.0B and total debt of ¥14.1B, which brings its debt-to-equity ratio to 175.6%. Its total assets and total liabilities are ¥25.1B and ¥17.0B respectively. Meiho Enterprise's EBIT is ¥2.8B making its interest coverage ratio 8.5. It has cash and short-term investments of ¥4.4B.
Key information
175.6%
Debt to equity ratio
JP¥14.11b
Debt
Interest coverage ratio | 8.5x |
Cash | JP¥4.42b |
Equity | JP¥8.04b |
Total liabilities | JP¥17.02b |
Total assets | JP¥25.06b |
Recent financial health updates
Recent updates
Market 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 (¥22.4B) exceed its short term liabilities (¥10.3B).
Long Term Liabilities: 8927's short term assets (¥22.4B) exceed its long term liabilities (¥6.7B).
Debt to Equity History and Analysis
Debt Level: 8927's net debt to equity ratio (120.6%) is considered high.
Reducing Debt: 8927's debt to equity ratio has reduced from 187% to 175.6% 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 (8.5x coverage).