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Canon Balance Sheet Health
Financial Health criteria checks 6/6
Canon has a total shareholder equity of ¥3,380.7B and total debt of ¥439.2B, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are ¥5,258.7B and ¥1,878.1B respectively. Canon's EBIT is ¥387.7B making its interest coverage ratio -66.6. It has cash and short-term investments of ¥485.6B.
Key information
13.0%
Debt to equity ratio
JP¥439.15b
Debt
Interest coverage ratio | -66.6x |
Cash | JP¥485.57b |
Equity | JP¥3.38t |
Total liabilities | JP¥1.88t |
Total assets | JP¥5.26t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: CAJ N's short term assets (¥2,271.6B) exceed its short term liabilities (¥1,508.3B).
Long Term Liabilities: CAJ N's short term assets (¥2,271.6B) exceed its long term liabilities (¥369.8B).
Debt to Equity History and Analysis
Debt Level: CAJ N has more cash than its total debt.
Reducing Debt: CAJ N's debt to equity ratio has reduced from 18% to 13% over the past 5 years.
Debt Coverage: CAJ N's debt is well covered by operating cash flow (73%).
Interest Coverage: CAJ N earns more interest than it pays, so coverage of interest payments is not a concern.