Mitsubishi Electric Balance Sheet Health
Financial Health criteria checks 5/6
Mitsubishi Electric has a total shareholder equity of ¥3,194.9B and total debt of ¥493.6B, which brings its debt-to-equity ratio to 15.5%. Its total assets and total liabilities are ¥5,306.6B and ¥2,111.7B respectively. Mitsubishi Electric's EBIT is ¥225.1B making its interest coverage ratio -32.6. It has cash and short-term investments of ¥672.0B.
Key information
15.5%
Debt to equity ratio
JP¥493.65b
Debt
Interest coverage ratio | -32.6x |
Cash | JP¥671.98b |
Equity | JP¥3.19t |
Total liabilities | JP¥2.11t |
Total assets | JP¥5.31t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MITS N's short term assets (¥3,215.4B) exceed its short term liabilities (¥1,715.2B).
Long Term Liabilities: MITS N's short term assets (¥3,215.4B) exceed its long term liabilities (¥396.5B).
Debt to Equity History and Analysis
Debt Level: MITS N has more cash than its total debt.
Reducing Debt: MITS N's debt to equity ratio has increased from 13.5% to 15.5% over the past 5 years.
Debt Coverage: MITS N's debt is well covered by operating cash flow (27%).
Interest Coverage: MITS N earns more interest than it pays, so coverage of interest payments is not a concern.