Mitsubishi Materials Balance Sheet Health
Financial Health criteria checks 3/6
Mitsubishi Materials has a total shareholder equity of ¥674.1B and total debt of ¥661.4B, which brings its debt-to-equity ratio to 98.1%. Its total assets and total liabilities are ¥2,246.9B and ¥1,572.8B respectively. Mitsubishi Materials's EBIT is ¥38.9B making its interest coverage ratio -2. It has cash and short-term investments of ¥87.2B.
Key information
98.1%
Debt to equity ratio
JP¥661.43b
Debt
| Interest coverage ratio | -2x |
| Cash | JP¥87.19b |
| Equity | JP¥674.05b |
| Total liabilities | JP¥1.57t |
| Total assets | JP¥2.25t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MIMT.F's short term assets (¥1,402.2B) exceed its short term liabilities (¥1,131.7B).
Long Term Liabilities: MIMT.F's short term assets (¥1,402.2B) exceed its long term liabilities (¥441.1B).
Debt to Equity History and Analysis
Debt Level: MIMT.F's net debt to equity ratio (85.2%) is considered high.
Reducing Debt: MIMT.F's debt to equity ratio has increased from 75.8% to 98.1% over the past 5 years.
Debt Coverage: MIMT.F's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: MIMT.F earns more interest than it pays, so coverage of interest payments is not a concern.