Makita Balance Sheet Health
Financial Health criteria checks 5/6
Makita has a total shareholder equity of ¥875.2B and total debt of ¥19.9B, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are ¥1,055.8B and ¥180.6B respectively. Makita's EBIT is ¥66.2B making its interest coverage ratio 30.7. It has cash and short-term investments of ¥215.2B.
Key information
2.3%
Debt to equity ratio
JP¥19.89b
Debt
Interest coverage ratio | 30.7x |
Cash | JP¥215.21b |
Equity | JP¥875.21b |
Total liabilities | JP¥180.60b |
Total assets | JP¥1.06t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MKTA.Y's short term assets (¥693.6B) exceed its short term liabilities (¥145.5B).
Long Term Liabilities: MKTA.Y's short term assets (¥693.6B) exceed its long term liabilities (¥35.1B).
Debt to Equity History and Analysis
Debt Level: MKTA.Y has more cash than its total debt.
Reducing Debt: MKTA.Y's debt to equity ratio has increased from 2% to 2.3% over the past 5 years.
Debt Coverage: MKTA.Y's debt is well covered by operating cash flow (1191.9%).
Interest Coverage: MKTA.Y's interest payments on its debt are well covered by EBIT (30.7x coverage).