MIT Holdings Balance Sheet Health
Financial Health criteria checks 3/6
MIT Holdings has a total shareholder equity of ¥632.0M and total debt of ¥1.3B, which brings its debt-to-equity ratio to 198.3%. Its total assets and total liabilities are ¥2.5B and ¥1.8B respectively. MIT Holdings's EBIT is ¥210.0M making its interest coverage ratio 21. It has cash and short-term investments of ¥1,000.0M.
Key information
198.3%
Debt to equity ratio
JP¥1.25b
Debt
| Interest coverage ratio | 21x |
| Cash | JP¥1.00b |
| Equity | JP¥632.00m |
| Total liabilities | JP¥1.84b |
| Total assets | JP¥2.47b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4016's short term assets (¥1.9B) exceed its short term liabilities (¥950.0M).
Long Term Liabilities: 4016's short term assets (¥1.9B) exceed its long term liabilities (¥886.0M).
Debt to Equity History and Analysis
Debt Level: 4016's net debt to equity ratio (40%) is considered high.
Reducing Debt: 4016's debt to equity ratio has increased from 163.3% to 198.3% over the past 5 years.
Debt Coverage: 4016's debt is not well covered by operating cash flow (11.7%).
Interest Coverage: 4016's interest payments on its debt are well covered by EBIT (21x coverage).