Meiji Holdings Balance Sheet Health
Financial Health criteria checks 6/6
Meiji Holdings has a total shareholder equity of ¥787.8B and total debt of ¥49.9B, which brings its debt-to-equity ratio to 6.3%. Its total assets and total liabilities are ¥1,205.3B and ¥417.5B respectively. Meiji Holdings's EBIT is ¥84.3B making its interest coverage ratio -58.4. It has cash and short-term investments of ¥106.9B.
Key information
6.3%
Debt to equity ratio
JP¥49.93b
Debt
| Interest coverage ratio | -58.4x |
| Cash | JP¥106.86b |
| Equity | JP¥787.79b |
| Total liabilities | JP¥417.50b |
| Total assets | JP¥1.21t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MEJH.F's short term assets (¥563.0B) exceed its short term liabilities (¥322.3B).
Long Term Liabilities: MEJH.F's short term assets (¥563.0B) exceed its long term liabilities (¥95.2B).
Debt to Equity History and Analysis
Debt Level: MEJH.F has more cash than its total debt.
Reducing Debt: MEJH.F's debt to equity ratio has reduced from 20.8% to 6.3% over the past 5 years.
Debt Coverage: MEJH.F's debt is well covered by operating cash flow (216.3%).
Interest Coverage: MEJH.F earns more interest than it pays, so coverage of interest payments is not a concern.