Mitsubishi Heavy Industries Balance Sheet Health
Financial Health criteria checks 6/6
Mitsubishi Heavy Industries has a total shareholder equity of ¥2,458.9B and total debt of ¥1,476.8B, which brings its debt-to-equity ratio to 60.1%. Its total assets and total liabilities are ¥6,658.1B and ¥4,199.1B respectively. Mitsubishi Heavy Industries's EBIT is ¥287.4B making its interest coverage ratio 35.1. It has cash and short-term investments of ¥579.4B.
Key information
60.1%
Debt to equity ratio
JP¥1.48t
Debt
| Interest coverage ratio | 35.1x |
| Cash | JP¥579.38b |
| Equity | JP¥2.46t |
| Total liabilities | JP¥4.20t |
| Total assets | JP¥6.66t |
Recent financial health updates
No updates
Recent updates
No updates
Financial Position Analysis
Short Term Liabilities: MITSU19's short term assets (¥3,775.0B) exceed its short term liabilities (¥3,204.3B).
Long Term Liabilities: MITSU19's short term assets (¥3,775.0B) exceed its long term liabilities (¥994.8B).
Debt to Equity History and Analysis
Debt Level: MITSU19's net debt to equity ratio (36.5%) is considered satisfactory.
Reducing Debt: MITSU19's debt to equity ratio has reduced from 75.3% to 60.1% over the past 5 years.
Debt Coverage: MITSU19's debt is well covered by operating cash flow (28.7%).
Interest Coverage: MITSU19's interest payments on its debt are well covered by EBIT (35.1x coverage).