M3 Balance Sheet Health
Financial Health criteria checks 5/6
M3 has a total shareholder equity of ¥373.9B and total debt of ¥25.3B, which brings its debt-to-equity ratio to 6.8%. Its total assets and total liabilities are ¥506.5B and ¥132.7B respectively. M3's EBIT is ¥63.8B making its interest coverage ratio -45. It has cash and short-term investments of ¥179.2B.
Key information
6.8%
Debt to equity ratio
JP¥25.29b
Debt
| Interest coverage ratio | -45x |
| Cash | JP¥179.20b |
| Equity | JP¥373.85b |
| Total liabilities | JP¥132.65b |
| Total assets | JP¥506.51b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2413 N's short term assets (¥239.7B) exceed its short term liabilities (¥67.7B).
Long Term Liabilities: 2413 N's short term assets (¥239.7B) exceed its long term liabilities (¥65.0B).
Debt to Equity History and Analysis
Debt Level: 2413 N has more cash than its total debt.
Reducing Debt: 2413 N's debt to equity ratio has increased from 0% to 6.8% over the past 5 years.
Debt Coverage: 2413 N's debt is well covered by operating cash flow (230.6%).
Interest Coverage: 2413 N earns more interest than it pays, so coverage of interest payments is not a concern.