MIRAI Balance Sheet Health
Financial Health criteria checks 1/6
MIRAI has a total shareholder equity of ¥81.4B and total debt of ¥85.5B, which brings its debt-to-equity ratio to 105%. Its total assets and total liabilities are ¥174.7B and ¥93.4B respectively. MIRAI's EBIT is ¥4.9B making its interest coverage ratio 9.7. It has cash and short-term investments of ¥3.0B.
Key information
105.0%
Debt to equity ratio
JP¥85.50b
Debt
Interest coverage ratio | 9.7x |
Cash | JP¥3.00b |
Equity | JP¥81.39b |
Total liabilities | JP¥93.35b |
Total assets | JP¥174.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3476's short term assets (¥6.0B) do not cover its short term liabilities (¥20.1B).
Long Term Liabilities: 3476's short term assets (¥6.0B) do not cover its long term liabilities (¥73.3B).
Debt to Equity History and Analysis
Debt Level: 3476's net debt to equity ratio (101.4%) is considered high.
Reducing Debt: 3476's debt to equity ratio has increased from 104.2% to 105% over the past 5 years.
Debt Coverage: 3476's debt is not well covered by operating cash flow (14.9%).
Interest Coverage: 3476's interest payments on its debt are well covered by EBIT (9.7x coverage).