Mitsubishi Motors Balance Sheet Health
Financial Health criteria checks 5/6
Mitsubishi Motors has a total shareholder equity of ¥1,074.0B and total debt of ¥377.1B, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are ¥2,356.8B and ¥1,282.9B respectively. Mitsubishi Motors's EBIT is ¥177.5B making its interest coverage ratio -23.5. It has cash and short-term investments of ¥569.0B.
Key information
35.1%
Debt to equity ratio
JP¥377.12b
Debt
| Interest coverage ratio | -23.5x |
| Cash | JP¥568.97b |
| Equity | JP¥1.07t |
| Total liabilities | JP¥1.28t |
| Total assets | JP¥2.36t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MMTO.F's short term assets (¥1,530.1B) exceed its short term liabilities (¥953.9B).
Long Term Liabilities: MMTO.F's short term assets (¥1,530.1B) exceed its long term liabilities (¥328.9B).
Debt to Equity History and Analysis
Debt Level: MMTO.F has more cash than its total debt.
Reducing Debt: MMTO.F's debt to equity ratio has increased from 29.2% to 35.1% over the past 5 years.
Debt Coverage: MMTO.F's debt is well covered by operating cash flow (30.2%).
Interest Coverage: MMTO.F earns more interest than it pays, so coverage of interest payments is not a concern.