MODEC Balance Sheet Health
Financial Health criteria checks 4/6
MODEC has a total shareholder equity of ¥182.8B and total debt of ¥87.4B, which brings its debt-to-equity ratio to 47.8%. Its total assets and total liabilities are ¥645.0B and ¥462.2B respectively. MODEC's EBIT is ¥24.8B making its interest coverage ratio -16.9. It has cash and short-term investments of ¥184.1B.
Key information
47.8%
Debt to equity ratio
JP¥87.37b
Debt
| Interest coverage ratio | -16.9x |
| Cash | JP¥184.09b |
| Equity | JP¥182.82b |
| Total liabilities | JP¥462.20b |
| Total assets | JP¥645.02b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDIK.F's short term assets (¥321.1B) do not cover its short term liabilities (¥367.3B).
Long Term Liabilities: MDIK.F's short term assets (¥321.1B) exceed its long term liabilities (¥94.9B).
Debt to Equity History and Analysis
Debt Level: MDIK.F has more cash than its total debt.
Reducing Debt: MDIK.F's debt to equity ratio has increased from 19.2% to 47.8% over the past 5 years.
Debt Coverage: MDIK.F's debt is well covered by operating cash flow (154.8%).
Interest Coverage: MDIK.F earns more interest than it pays, so coverage of interest payments is not a concern.