Menicon Balance Sheet Health
Financial Health criteria checks 5/6
Menicon has a total shareholder equity of ¥74.7B and total debt of ¥47.7B, which brings its debt-to-equity ratio to 63.9%. Its total assets and total liabilities are ¥152.5B and ¥77.9B respectively. Menicon's EBIT is ¥12.1B making its interest coverage ratio 30.8. It has cash and short-term investments of ¥41.3B.
Key information
63.9%
Debt to equity ratio
JP¥47.71b
Debt
Interest coverage ratio | 30.8x |
Cash | JP¥41.29b |
Equity | JP¥74.67b |
Total liabilities | JP¥77.86b |
Total assets | JP¥152.52b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MNNL.F's short term assets (¥77.7B) exceed its short term liabilities (¥24.4B).
Long Term Liabilities: MNNL.F's short term assets (¥77.7B) exceed its long term liabilities (¥53.5B).
Debt to Equity History and Analysis
Debt Level: MNNL.F's net debt to equity ratio (8.6%) is considered satisfactory.
Reducing Debt: MNNL.F's debt to equity ratio has increased from 39.8% to 63.9% over the past 5 years.
Debt Coverage: MNNL.F's debt is well covered by operating cash flow (26.7%).
Interest Coverage: MNNL.F's interest payments on its debt are well covered by EBIT (30.8x coverage).