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Mirainovate Balance Sheet Health
Financial Health criteria checks 4/6
Key information
47.9%
Debt to equity ratio
JP¥9.82b
Debt
| Interest coverage ratio | -0.7x |
| Cash | JP¥13.40b |
| Equity | JP¥20.52b |
| Total liabilities | JP¥11.50b |
| Total assets | JP¥32.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3528's short term assets (¥26.9B) exceed its short term liabilities (¥2.7B).
Long Term Liabilities: 3528's short term assets (¥26.9B) exceed its long term liabilities (¥8.8B).
Debt to Equity History and Analysis
Debt Level: 3528 has more cash than its total debt.
Reducing Debt: 3528's debt to equity ratio has increased from 47.3% to 47.9% over the past 5 years.
Debt Coverage: 3528's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 3528 earns more interest than it pays, so coverage of interest payments is not a concern.