Mimaki Engineering Balance Sheet Health
Financial Health criteria checks 4/6
Mimaki Engineering has a total shareholder equity of ¥25.1B and total debt of ¥27.2B, which brings its debt-to-equity ratio to 108.6%. Its total assets and total liabilities are ¥72.4B and ¥47.3B respectively. Mimaki Engineering's EBIT is ¥5.1B making its interest coverage ratio 16.1. It has cash and short-term investments of ¥15.0B.
Key information
108.6%
Debt to equity ratio
JP¥27.21b
Debt
| Interest coverage ratio | 16.1x |
| Cash | JP¥15.04b |
| Equity | JP¥25.06b |
| Total liabilities | JP¥47.30b |
| Total assets | JP¥72.36b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6638's short term assets (¥55.8B) exceed its short term liabilities (¥40.1B).
Long Term Liabilities: 6638's short term assets (¥55.8B) exceed its long term liabilities (¥7.2B).
Debt to Equity History and Analysis
Debt Level: 6638's net debt to equity ratio (48.6%) is considered high.
Reducing Debt: 6638's debt to equity ratio has reduced from 122.4% to 108.6% over the past 5 years.
Debt Coverage: 6638's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: 6638's interest payments on its debt are well covered by EBIT (16.1x coverage).