Micronics Japan Balance Sheet Health
Financial Health criteria checks 6/6
Micronics Japan has a total shareholder equity of ¥45.0B and total debt of ¥872.0M, which brings its debt-to-equity ratio to 1.9%. Its total assets and total liabilities are ¥63.9B and ¥18.8B respectively. Micronics Japan's EBIT is ¥9.3B making its interest coverage ratio -90.6. It has cash and short-term investments of ¥21.1B.
Key information
1.9%
Debt to equity ratio
JP¥872.00m
Debt
| Interest coverage ratio | -90.6x |
| Cash | JP¥21.13b |
| Equity | JP¥45.04b |
| Total liabilities | JP¥18.82b |
| Total assets | JP¥63.86b |
Recent financial health updates
Recent updates
Is It Too Late To Consider Buying Micronics Japan Co., Ltd. (TSE:6871)?
Sep 07
Returns At Micronics Japan (TSE:6871) Appear To Be Weighed Down
Jul 22Micronics 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 (¥39.3B) exceed its short term liabilities (¥16.4B).
Long Term Liabilities: 6871's short term assets (¥39.3B) exceed its long term liabilities (¥2.4B).
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 8.3% to 1.9% over the past 5 years.
Debt Coverage: 6871's debt is well covered by operating cash flow (1311.4%).
Interest Coverage: 6871 earns more interest than it pays, so coverage of interest payments is not a concern.