Meiji Shipping Group Balance Sheet Health
Financial Health criteria checks 2/6
Meiji Shipping Group has a total shareholder equity of ¥79.7B and total debt of ¥185.0B, which brings its debt-to-equity ratio to 232.2%. Its total assets and total liabilities are ¥295.8B and ¥216.1B respectively. Meiji Shipping Group's EBIT is ¥12.4B making its interest coverage ratio 3.5. It has cash and short-term investments of ¥36.5B.
Key information
232.2%
Debt to equity ratio
JP¥185.05b
Debt
Interest coverage ratio | 3.5x |
Cash | JP¥36.49b |
Equity | JP¥79.68b |
Total liabilities | JP¥216.09b |
Total assets | JP¥295.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 9115's short term assets (¥44.5B) do not cover its short term liabilities (¥56.8B).
Long Term Liabilities: 9115's short term assets (¥44.5B) do not cover its long term liabilities (¥159.3B).
Debt to Equity History and Analysis
Debt Level: 9115's net debt to equity ratio (186.4%) is considered high.
Reducing Debt: 9115's debt to equity ratio has reduced from 279.6% to 232.2% over the past 5 years.
Debt Coverage: 9115's debt is not well covered by operating cash flow (15.7%).
Interest Coverage: 9115's interest payments on its debt are well covered by EBIT (3.5x coverage).