MCJ Balance Sheet Health
Financial Health criteria checks 6/6
MCJ has a total shareholder equity of ¥79.3B and total debt of ¥16.0B, which brings its debt-to-equity ratio to 20.1%. Its total assets and total liabilities are ¥125.1B and ¥45.8B respectively. MCJ's EBIT is ¥18.4B making its interest coverage ratio -40.9. It has cash and short-term investments of ¥52.9B.
Key information
20.1%
Debt to equity ratio
JP¥15.95b
Debt
| Interest coverage ratio | -40.9x |
| Cash | JP¥52.95b |
| Equity | JP¥79.35b |
| Total liabilities | JP¥45.76b |
| Total assets | JP¥125.11b |
Financial Position Analysis
Short Term Liabilities: 6670's short term assets (¥110.7B) exceed its short term liabilities (¥36.8B).
Long Term Liabilities: 6670's short term assets (¥110.7B) exceed its long term liabilities (¥8.9B).
Debt to Equity History and Analysis
Debt Level: 6670 has more cash than its total debt.
Reducing Debt: 6670's debt to equity ratio has reduced from 38.3% to 20.1% over the past 5 years.
Debt Coverage: 6670's debt is well covered by operating cash flow (51.4%).
Interest Coverage: 6670 earns more interest than it pays, so coverage of interest payments is not a concern.