Micronics Japan Balance Sheet Health
Financial Health criteria checks 6/6
Micronics Japan has a total shareholder equity of ¥41.2B and total debt of ¥1.3B, which brings its debt-to-equity ratio to 3.2%. Its total assets and total liabilities are ¥55.8B and ¥14.6B respectively. Micronics Japan's EBIT is ¥5.3B making its interest coverage ratio -52.1. It has cash and short-term investments of ¥18.0B.
Key information
3.2%
Debt to equity ratio
JP¥1.34b
Debt
| Interest coverage ratio | -52.1x |
| Cash | JP¥17.99b |
| Equity | JP¥41.20b |
| Total liabilities | JP¥14.65b |
| Total assets | JP¥55.85b |
Recent financial health updates
No updates
Recent updates
Micronics Japan Co., Ltd.'s (TSE:6871) Share Price Is Still Matching Investor Opinion Despite 25% Slump
Apr 30
Here's What To Make Of Micronics Japan's (TSE:6871) Decelerating Rates Of Return
Apr 22Micronics Japan's (TSE:6871) Anemic Earnings Might Be Worse Than You Think
Apr 08Calculating The Intrinsic Value Of Micronics Japan Co., Ltd. (TSE:6871)
Mar 14Analysts Just Published A Bright New Outlook For Micronics Japan Co., Ltd.'s (TSE:6871)
Feb 27Market Participants Recognise Micronics Japan Co., Ltd.'s (TSE:6871) Earnings Pushing Shares 76% Higher
Feb 26Financial Position Analysis
Short Term Liabilities: 6871's short term assets (¥34.6B) exceed its short term liabilities (¥12.1B).
Long Term Liabilities: 6871's short term assets (¥34.6B) exceed its long term liabilities (¥2.6B).
Debt to Equity History and Analysis
Debt Level: 6871 has more cash than its total debt.
Reducing Debt: 6871's debt to equity ratio has reduced from 6.3% to 3.2% over the past 5 years.
Debt Coverage: 6871's debt is well covered by operating cash flow (361.5%).
Interest Coverage: 6871 earns more interest than it pays, so coverage of interest payments is not a concern.