MINATO HOLDINGS Balance Sheet Health
Financial Health criteria checks 5/6
MINATO HOLDINGS has a total shareholder equity of ¥5.8B and total debt of ¥6.6B, which brings its debt-to-equity ratio to 114.4%. Its total assets and total liabilities are ¥16.1B and ¥10.3B respectively. MINATO HOLDINGS's EBIT is ¥1.3B making its interest coverage ratio 45.7. It has cash and short-term investments of ¥4.1B.
Key information
114.4%
Debt to equity ratio
JP¥6.61b
Debt
| Interest coverage ratio | 45.7x |
| Cash | JP¥4.07b |
| Equity | JP¥5.78b |
| Total liabilities | JP¥10.27b |
| Total assets | JP¥16.05b |
Recent financial health updates
Is MINATO HOLDINGS (TYO:6862) Using Too Much Debt?
Apr 28
MINATO HOLDINGS (TYO:6862) Takes On Some Risk With Its Use Of Debt
Jan 15
Recent updates
There's No Escaping MINATO HOLDINGS INC.'s (TSE:6862) Muted Earnings
Mar 07Is MINATO HOLDINGS (TYO:6862) Using Too Much Debt?
Apr 28Is MINATO HOLDINGS INC.'s (TYO:6862) ROE Of 10% Impressive?
Mar 09MINATO HOLDINGS INC.'s (TYO:6862) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
Feb 10MINATO HOLDINGS (TYO:6862) Takes On Some Risk With Its Use Of Debt
Jan 15Is There More To The Story Than MINATO HOLDINGS's (TYO:6862) Earnings Growth?
Dec 24A Closer Look At MINATO HOLDINGS INC.'s (TYO:6862) Impressive ROE
Dec 03Financial Position Analysis
Short Term Liabilities: 6862's short term assets (¥12.1B) exceed its short term liabilities (¥8.0B).
Long Term Liabilities: 6862's short term assets (¥12.1B) exceed its long term liabilities (¥2.3B).
Debt to Equity History and Analysis
Debt Level: 6862's net debt to equity ratio (44%) is considered high.
Reducing Debt: 6862's debt to equity ratio has reduced from 231.6% to 114.4% over the past 5 years.
Debt Coverage: 6862's debt is well covered by operating cash flow (38.9%).
Interest Coverage: 6862's interest payments on its debt are well covered by EBIT (45.7x coverage).