MIRAI Balance Sheet Health
Financial Health criteria checks 1/6
MIRAI has a total shareholder equity of ¥87.0B and total debt of ¥91.9B, which brings its debt-to-equity ratio to 105.7%. Its total assets and total liabilities are ¥187.6B and ¥100.6B respectively. MIRAI's EBIT is ¥5.1B making its interest coverage ratio 8.3. It has cash and short-term investments of ¥2.6B.
Key information
105.7%
Debt to equity ratio
JP¥91.90b
Debt
| Interest coverage ratio | 8.3x |
| Cash | JP¥2.63b |
| Equity | JP¥86.99b |
| Total liabilities | JP¥100.58b |
| Total assets | JP¥187.56b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3476's short term assets (¥6.1B) do not cover its short term liabilities (¥13.5B).
Long Term Liabilities: 3476's short term assets (¥6.1B) do not cover its long term liabilities (¥87.1B).
Debt to Equity History and Analysis
Debt Level: 3476's net debt to equity ratio (102.6%) is considered high.
Reducing Debt: 3476's debt to equity ratio has increased from 105.4% to 105.7% over the past 5 years.
Debt Coverage: 3476's debt is not well covered by operating cash flow (6.1%).
Interest Coverage: 3476's interest payments on its debt are well covered by EBIT (8.3x coverage).