Morinaga&Co Balance Sheet Health
Financial Health criteria checks 4/6
Morinaga&Co has a total shareholder equity of ¥125.9B and total debt of ¥19.0B, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are ¥205.2B and ¥79.4B respectively. Morinaga&Co's EBIT is ¥15.2B making its interest coverage ratio -83.3. It has cash and short-term investments of ¥36.4B.
Key information
15.1%
Debt to equity ratio
JP¥19.00b
Debt
| Interest coverage ratio | -83.3x |
| Cash | JP¥36.36b |
| Equity | JP¥125.85b |
| Total liabilities | JP¥79.37b |
| Total assets | JP¥205.23b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MGAA.F's short term assets (¥101.4B) exceed its short term liabilities (¥51.3B).
Long Term Liabilities: MGAA.F's short term assets (¥101.4B) exceed its long term liabilities (¥28.1B).
Debt to Equity History and Analysis
Debt Level: MGAA.F has more cash than its total debt.
Reducing Debt: MGAA.F's debt to equity ratio has increased from 11.2% to 15.1% over the past 5 years.
Debt Coverage: MGAA.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MGAA.F earns more interest than it pays, so coverage of interest payments is not a concern.