Mitsubishi Electric Balance Sheet Health
Financial Health criteria checks 5/6
Mitsubishi Electric has a total shareholder equity of ¥3,533.7B and total debt of ¥564.2B, which brings its debt-to-equity ratio to 16%. Its total assets and total liabilities are ¥5,795.2B and ¥2,261.5B respectively. Mitsubishi Electric's EBIT is ¥321.5B making its interest coverage ratio -55.5. It has cash and short-term investments of ¥731.2B.
Key information
16.0%
Debt to equity ratio
JP¥564.16b
Debt
Interest coverage ratio | -55.5x |
Cash | JP¥731.15b |
Equity | JP¥3.53t |
Total liabilities | JP¥2.26t |
Total assets | JP¥5.80t |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIEL.Y's short term assets (¥3,446.0B) exceed its short term liabilities (¥1,785.7B).
Long Term Liabilities: MIEL.Y's short term assets (¥3,446.0B) exceed its long term liabilities (¥475.9B).
Debt to Equity History and Analysis
Debt Level: MIEL.Y has more cash than its total debt.
Reducing Debt: MIEL.Y's debt to equity ratio has increased from 12.1% to 16% over the past 5 years.
Debt Coverage: MIEL.Y's debt is well covered by operating cash flow (70.4%).
Interest Coverage: MIEL.Y earns more interest than it pays, so coverage of interest payments is not a concern.