Mitachi Balance Sheet Health
Financial Health criteria checks 6/6
Mitachi has a total shareholder equity of ¥14.9B and total debt of ¥296.0M, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ¥36.3B and ¥21.4B respectively. Mitachi's EBIT is ¥1.5B making its interest coverage ratio 46.8. It has cash and short-term investments of ¥4.1B.
Key information
2.0%
Debt to equity ratio
JP¥296.00m
Debt
| Interest coverage ratio | 46.8x |
| Cash | JP¥4.08b |
| Equity | JP¥14.88b |
| Total liabilities | JP¥21.37b |
| Total assets | JP¥36.26b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 3321's short term assets (¥34.2B) exceed its short term liabilities (¥20.8B).
Long Term Liabilities: 3321's short term assets (¥34.2B) exceed its long term liabilities (¥569.0M).
Debt to Equity History and Analysis
Debt Level: 3321 has more cash than its total debt.
Reducing Debt: 3321's debt to equity ratio has reduced from 15% to 2% over the past 5 years.
Debt Coverage: 3321's debt is well covered by operating cash flow (321.3%).
Interest Coverage: 3321's interest payments on its debt are well covered by EBIT (46.8x coverage).