Mercari Balance Sheet Health
Financial Health criteria checks 4/6
Mercari has a total shareholder equity of ¥61.9B and total debt of ¥170.8B, which brings its debt-to-equity ratio to 275.9%. Its total assets and total liabilities are ¥456.6B and ¥394.7B respectively. Mercari's EBIT is ¥19.0B making its interest coverage ratio -46.5. It has cash and short-term investments of ¥188.5B.
Key information
275.9%
Debt to equity ratio
JP¥170.83b
Debt
Interest coverage ratio | -46.5x |
Cash | JP¥188.51b |
Equity | JP¥61.92b |
Total liabilities | JP¥394.66b |
Total assets | JP¥456.58b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4385's short term assets (¥362.1B) exceed its short term liabilities (¥261.4B).
Long Term Liabilities: 4385's short term assets (¥362.1B) exceed its long term liabilities (¥133.3B).
Debt to Equity History and Analysis
Debt Level: 4385 has more cash than its total debt.
Reducing Debt: 4385's debt to equity ratio has increased from 42.3% to 275.9% over the past 5 years.
Debt Coverage: 4385's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 4385 earns more interest than it pays, so coverage of interest payments is not a concern.