Mitsui Chemicals Balance Sheet Health
Financial Health criteria checks 5/6
Mitsui Chemicals has a total shareholder equity of ¥1,008.2B and total debt of ¥767.3B, which brings its debt-to-equity ratio to 76.1%. Its total assets and total liabilities are ¥2,217.8B and ¥1,209.6B respectively. Mitsui Chemicals's EBIT is ¥98.7B making its interest coverage ratio -389.9. It has cash and short-term investments of ¥223.5B.
Key information
76.1%
Debt to equity ratio
JP¥767.33b
Debt
| Interest coverage ratio | -389.9x |
| Cash | JP¥223.49b |
| Equity | JP¥1.01t |
| Total liabilities | JP¥1.21t |
| Total assets | JP¥2.22t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MITU.Y's short term assets (¥1,131.1B) exceed its short term liabilities (¥652.7B).
Long Term Liabilities: MITU.Y's short term assets (¥1,131.1B) exceed its long term liabilities (¥556.9B).
Debt to Equity History and Analysis
Debt Level: MITU.Y's net debt to equity ratio (53.9%) is considered high.
Reducing Debt: MITU.Y's debt to equity ratio has reduced from 77.1% to 76.1% over the past 5 years.
Debt Coverage: MITU.Y's debt is well covered by operating cash flow (27.7%).
Interest Coverage: MITU.Y earns more interest than it pays, so coverage of interest payments is not a concern.