Canon Balance Sheet Health
Financial Health criteria checks 5/6
Canon has a total shareholder equity of ¥3,679.1B and total debt of ¥573.5B, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are ¥5,741.2B and ¥2,062.0B respectively. Canon's EBIT is ¥379.1B making its interest coverage ratio -30.6. It has cash and short-term investments of ¥513.4B.
Key information
15.6%
Debt to equity ratio
JP¥573.50b
Debt
Interest coverage ratio | -30.6x |
Cash | JP¥513.44b |
Equity | JP¥3.68t |
Total liabilities | JP¥2.06t |
Total assets | JP¥5.74t |
Recent financial health updates
No updates
Recent updates
Canon's (TSE:7751) Shareholders Will Receive A Bigger Dividend Than Last Year
Jun 24Canon's (TSE:7751) Upcoming Dividend Will Be Larger Than Last Year's
Jun 09Canon's (TSE:7751) Upcoming Dividend Will Be Larger Than Last Year's
May 12Canon's (TSE:7751) Upcoming Dividend Will Be Larger Than Last Year's
Apr 28Canon Inc. Just Missed Earnings - But Analysts Have Updated Their Models
Apr 27Canon (TSE:7751) Has Announced That It Will Be Increasing Its Dividend To ¥75.00
Apr 11Canon Inc.'s (TSE:7751) Share Price Could Signal Some Risk
Mar 19Investors Met With Slowing Returns on Capital At Canon (TSE:7751)
Mar 01Financial Position Analysis
Short Term Liabilities: 7751's short term assets (¥2,434.1B) exceed its short term liabilities (¥1,583.7B).
Long Term Liabilities: 7751's short term assets (¥2,434.1B) exceed its long term liabilities (¥478.3B).
Debt to Equity History and Analysis
Debt Level: 7751's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: 7751's debt to equity ratio has increased from 13.7% to 15.6% over the past 5 years.
Debt Coverage: 7751's debt is well covered by operating cash flow (79.3%).
Interest Coverage: 7751 earns more interest than it pays, so coverage of interest payments is not a concern.