Mimaki Engineering Balance Sheet Health
Financial Health criteria checks 6/6
Mimaki Engineering has a total shareholder equity of ¥27.4B and total debt of ¥26.6B, which brings its debt-to-equity ratio to 97.1%. Its total assets and total liabilities are ¥75.7B and ¥48.3B respectively. Mimaki Engineering's EBIT is ¥5.5B making its interest coverage ratio 16.5. It has cash and short-term investments of ¥17.4B.
Key information
97.1%
Debt to equity ratio
JP¥26.59b
Debt
Interest coverage ratio | 16.5x |
Cash | JP¥17.37b |
Equity | JP¥27.39b |
Total liabilities | JP¥48.33b |
Total assets | JP¥75.72b |
Recent financial health updates
Recent updates
Is Mimaki Engineering (TSE:6638) A Risky Investment?
Jun 24We Think Mimaki Engineering's (TSE:6638) Profit Is Only A Baseline For What They Can Achieve
May 22Mimaki Engineering Co., Ltd.'s (TSE:6638) Shares Leap 26% Yet They're Still Not Telling The Full Story
May 08Mimaki Engineering's (TSE:6638) Dividend Will Be ¥10.00
Mar 12Mimaki Engineering's (TSE:6638) Dividend Will Be ¥10.00
Feb 27Financial Position Analysis
Short Term Liabilities: 6638's short term assets (¥58.8B) exceed its short term liabilities (¥41.5B).
Long Term Liabilities: 6638's short term assets (¥58.8B) exceed its long term liabilities (¥6.8B).
Debt to Equity History and Analysis
Debt Level: 6638's net debt to equity ratio (33.7%) is considered satisfactory.
Reducing Debt: 6638's debt to equity ratio has reduced from 122.2% to 97.1% over the past 5 years.
Debt Coverage: 6638's debt is well covered by operating cash flow (36%).
Interest Coverage: 6638's interest payments on its debt are well covered by EBIT (16.5x coverage).