MODEC Balance Sheet Health
Financial Health criteria checks 4/6
MODEC has a total shareholder equity of ¥146.8B and total debt of ¥80.9B, which brings its debt-to-equity ratio to 55.1%. Its total assets and total liabilities are ¥551.4B and ¥404.6B respectively. MODEC's EBIT is ¥9.1B making its interest coverage ratio -3. It has cash and short-term investments of ¥152.0B.
Key information
55.1%
Debt to equity ratio
JP¥80.95b
Debt
Interest coverage ratio | -3x |
Cash | JP¥152.00b |
Equity | JP¥146.83b |
Total liabilities | JP¥404.59b |
Total assets | JP¥551.42b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MDIK.F's short term assets (¥288.7B) do not cover its short term liabilities (¥318.3B).
Long Term Liabilities: MDIK.F's short term assets (¥288.7B) exceed its long term liabilities (¥86.3B).
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 18.8% to 55.1% over the past 5 years.
Debt Coverage: MDIK.F's debt is well covered by operating cash flow (85.1%).
Interest Coverage: MDIK.F earns more interest than it pays, so coverage of interest payments is not a concern.