Mitsubishi Materials Balance Sheet Health
Financial Health criteria checks 3/6
Mitsubishi Materials has a total shareholder equity of ¥685.6B and total debt of ¥603.2B, which brings its debt-to-equity ratio to 88%. Its total assets and total liabilities are ¥2,167.6B and ¥1,482.0B respectively. Mitsubishi Materials's EBIT is ¥20.6B making its interest coverage ratio -1. It has cash and short-term investments of ¥134.9B.
Key information
88.0%
Debt to equity ratio
JP¥603.16b
Debt
Interest coverage ratio | -1x |
Cash | JP¥134.92b |
Equity | JP¥685.62b |
Total liabilities | JP¥1.48t |
Total assets | JP¥2.17t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIMT.F's short term assets (¥1,283.0B) exceed its short term liabilities (¥994.1B).
Long Term Liabilities: MIMT.F's short term assets (¥1,283.0B) exceed its long term liabilities (¥487.9B).
Debt to Equity History and Analysis
Debt Level: MIMT.F's net debt to equity ratio (68.3%) is considered high.
Reducing Debt: MIMT.F's debt to equity ratio has increased from 68.4% to 88% over the past 5 years.
Debt Coverage: MIMT.F's debt is not well covered by operating cash flow (8.5%).
Interest Coverage: MIMT.F earns more interest than it pays, so coverage of interest payments is not a concern.