MIT Holdings Balance Sheet Health
Financial Health criteria checks 3/6
MIT Holdings has a total shareholder equity of ¥567.0M and total debt of ¥1.3B, which brings its debt-to-equity ratio to 222.6%. Its total assets and total liabilities are ¥2.3B and ¥1.7B respectively. MIT Holdings's EBIT is ¥148.0M making its interest coverage ratio 16.4. It has cash and short-term investments of ¥771.0M.
Key information
222.6%
Debt to equity ratio
JP¥1.26b
Debt
Interest coverage ratio | 16.4x |
Cash | JP¥771.00m |
Equity | JP¥567.00m |
Total liabilities | JP¥1.75b |
Total assets | JP¥2.31b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 4016's short term assets (¥1.7B) exceed its short term liabilities (¥1.0B).
Long Term Liabilities: 4016's short term assets (¥1.7B) exceed its long term liabilities (¥716.0M).
Debt to Equity History and Analysis
Debt Level: 4016's net debt to equity ratio (86.6%) is considered high.
Reducing Debt: 4016's debt to equity ratio has increased from 213.3% to 222.6% over the past 5 years.
Debt Coverage: 4016's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: 4016's interest payments on its debt are well covered by EBIT (16.4x coverage).