Meiko Trans Balance Sheet Health
Financial Health criteria checks 5/6
Meiko Trans has a total shareholder equity of ¥117.4B and total debt of ¥6.8B, which brings its debt-to-equity ratio to 5.8%. Its total assets and total liabilities are ¥145.4B and ¥28.0B respectively. Meiko Trans's EBIT is ¥5.2B making its interest coverage ratio -5.2. It has cash and short-term investments of ¥26.8B.
Key information
5.8%
Debt to equity ratio
JP¥6.75b
Debt
Interest coverage ratio | -5.2x |
Cash | JP¥26.81b |
Equity | JP¥117.41b |
Total liabilities | JP¥28.04b |
Total assets | JP¥145.45b |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: 9357's short term assets (¥44.2B) exceed its short term liabilities (¥12.0B).
Long Term Liabilities: 9357's short term assets (¥44.2B) exceed its long term liabilities (¥16.1B).
Debt to Equity History and Analysis
Debt Level: 9357 has more cash than its total debt.
Reducing Debt: 9357's debt to equity ratio has increased from 0% to 5.8% over the past 5 years.
Debt Coverage: 9357's debt is well covered by operating cash flow (176.1%).
Interest Coverage: 9357 earns more interest than it pays, so coverage of interest payments is not a concern.