Micronics Japan Balance Sheet Health
Financial Health criteria checks 6/6
Micronics Japan has a total shareholder equity of ¥41.8B and total debt of ¥952.0M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are ¥58.5B and ¥16.7B respectively. Micronics Japan's EBIT is ¥5.8B making its interest coverage ratio -59.1. It has cash and short-term investments of ¥19.0B.
Key information
2.3%
Debt to equity ratio
JP¥952.00m
Debt
Interest coverage ratio | -59.1x |
Cash | JP¥19.05b |
Equity | JP¥41.78b |
Total liabilities | JP¥16.75b |
Total assets | JP¥58.53b |
Recent financial health updates
Recent updates
Micronics Japan (TSE:6871) Has A Pretty Healthy Balance Sheet
Jun 05Micronics Japan Co., Ltd.'s (TSE:6871) Share Price Is Still Matching Investor Opinion Despite 25% Slump
Apr 30Here'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 (¥36.2B) exceed its short term liabilities (¥14.3B).
Long Term Liabilities: 6871's short term assets (¥36.2B) exceed its long term liabilities (¥2.5B).
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 8.1% to 2.3% over the past 5 years.
Debt Coverage: 6871's debt is well covered by operating cash flow (508.1%).
Interest Coverage: 6871 earns more interest than it pays, so coverage of interest payments is not a concern.