Mitsui High-tec Balance Sheet Health
Financial Health criteria checks 5/6
Mitsui High-tec has a total shareholder equity of ¥97.0B and total debt of ¥62.3B, which brings its debt-to-equity ratio to 64.2%. Its total assets and total liabilities are ¥195.7B and ¥98.7B respectively. Mitsui High-tec's EBIT is ¥18.1B making its interest coverage ratio -47.7. It has cash and short-term investments of ¥39.2B.
Key information
64.2%
Debt to equity ratio
JP¥62.29b
Debt
Interest coverage ratio | -47.7x |
Cash | JP¥39.25b |
Equity | JP¥96.99b |
Total liabilities | JP¥98.70b |
Total assets | JP¥195.70b |
Recent financial health updates
Recent updates
Mitsui High-tec (TSE:6966) Has A Somewhat Strained Balance Sheet
Apr 01Mitsui High-tec, Inc. Just Beat EPS By 9.5%: Here's What Analysts Think Will Happen Next
Mar 14Mitsui High-tec, Inc.'s (TSE:6966) P/E Is Still On The Mark Following 35% Share Price Bounce
Mar 06Mitsui High-tec (TSE:6966) Shareholders Will Want The ROCE Trajectory To Continue
Feb 26Financial Position Analysis
Short Term Liabilities: 6966's short term assets (¥92.1B) exceed its short term liabilities (¥46.7B).
Long Term Liabilities: 6966's short term assets (¥92.1B) exceed its long term liabilities (¥52.0B).
Debt to Equity History and Analysis
Debt Level: 6966's net debt to equity ratio (23.8%) is considered satisfactory.
Reducing Debt: 6966's debt to equity ratio has increased from 57.7% to 64.2% over the past 5 years.
Debt Coverage: 6966's debt is well covered by operating cash flow (50.9%).
Interest Coverage: 6966 earns more interest than it pays, so coverage of interest payments is not a concern.