Maruichi Steel Tube Balance Sheet Health
Financial Health criteria checks 6/6
Maruichi Steel Tube has a total shareholder equity of ¥324.2B and total debt of ¥9.2B, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are ¥393.2B and ¥68.9B respectively. Maruichi Steel Tube's EBIT is ¥29.7B making its interest coverage ratio -12.3. It has cash and short-term investments of ¥100.2B.
Key information
2.8%
Debt to equity ratio
JP¥9.20b
Debt
| Interest coverage ratio | -12.3x |
| Cash | JP¥100.16b |
| Equity | JP¥324.22b |
| Total liabilities | JP¥68.95b |
| Total assets | JP¥393.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MCHI.F's short term assets (¥217.4B) exceed its short term liabilities (¥55.4B).
Long Term Liabilities: MCHI.F's short term assets (¥217.4B) exceed its long term liabilities (¥13.5B).
Debt to Equity History and Analysis
Debt Level: MCHI.F has more cash than its total debt.
Reducing Debt: MCHI.F's debt to equity ratio has reduced from 4.3% to 2.8% over the past 5 years.
Debt Coverage: MCHI.F's debt is well covered by operating cash flow (266.3%).
Interest Coverage: MCHI.F earns more interest than it pays, so coverage of interest payments is not a concern.