Mitsubishi Gas Chemical Company Balance Sheet Health
Financial Health criteria checks 5/6
Mitsubishi Gas Chemical Company has a total shareholder equity of ¥727.4B and total debt of ¥164.8B, which brings its debt-to-equity ratio to 22.7%. Its total assets and total liabilities are ¥1,163.0B and ¥435.6B respectively. Mitsubishi Gas Chemical Company's EBIT is ¥37.6B making its interest coverage ratio -12.4. It has cash and short-term investments of ¥119.5B.
Key information
22.7%
Debt to equity ratio
JP¥164.83b
Debt
| Interest coverage ratio | -12.4x |
| Cash | JP¥119.48b |
| Equity | JP¥727.42b |
| Total liabilities | JP¥435.59b |
| Total assets | JP¥1.16t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MBGC.F's short term assets (¥565.0B) exceed its short term liabilities (¥288.6B).
Long Term Liabilities: MBGC.F's short term assets (¥565.0B) exceed its long term liabilities (¥147.0B).
Debt to Equity History and Analysis
Debt Level: MBGC.F's net debt to equity ratio (6.2%) is considered satisfactory.
Reducing Debt: MBGC.F's debt to equity ratio has increased from 16.7% to 22.7% over the past 5 years.
Debt Coverage: MBGC.F's debt is well covered by operating cash flow (47.8%).
Interest Coverage: MBGC.F earns more interest than it pays, so coverage of interest payments is not a concern.