Mitsubishi Estate Logistics REIT Investment Balance Sheet Health
Financial Health criteria checks 2/6
Mitsubishi Estate Logistics REIT Investment has a total shareholder equity of ¥159.6B and total debt of ¥113.0B, which brings its debt-to-equity ratio to 70.8%. Its total assets and total liabilities are ¥281.0B and ¥121.4B respectively. Mitsubishi Estate Logistics REIT Investment's EBIT is ¥7.8B making its interest coverage ratio 13.1. It has cash and short-term investments of ¥4.3B.
Key information
70.8%
Debt to equity ratio
JP¥113.05b
Debt
Interest coverage ratio | 13.1x |
Cash | JP¥4.33b |
Equity | JP¥159.64b |
Total liabilities | JP¥121.36b |
Total assets | JP¥281.00b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3481's short term assets (¥14.4B) exceed its short term liabilities (¥13.0B).
Long Term Liabilities: 3481's short term assets (¥14.4B) do not cover its long term liabilities (¥108.4B).
Debt to Equity History and Analysis
Debt Level: 3481's net debt to equity ratio (68.1%) is considered high.
Reducing Debt: 3481's debt to equity ratio has increased from 38.5% to 70.8% over the past 5 years.
Debt Coverage: 3481's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: 3481's interest payments on its debt are well covered by EBIT (13.1x coverage).