Mitsui Chemicals Balance Sheet Health
Financial Health criteria checks 5/6
Mitsui Chemicals has a total shareholder equity of ¥978.6B and total debt of ¥676.5B, which brings its debt-to-equity ratio to 69.1%. Its total assets and total liabilities are ¥2,103.3B and ¥1,124.7B respectively. Mitsui Chemicals's EBIT is ¥98.7B making its interest coverage ratio 11.7. It has cash and short-term investments of ¥171.0B.
Key information
69.1%
Debt to equity ratio
JP¥676.49b
Debt
| Interest coverage ratio | 11.7x |
| Cash | JP¥171.04b |
| Equity | JP¥978.64b |
| Total liabilities | JP¥1.12t |
| Total assets | JP¥2.10t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MITU.Y's short term assets (¥1,013.0B) exceed its short term liabilities (¥552.2B).
Long Term Liabilities: MITU.Y's short term assets (¥1,013.0B) exceed its long term liabilities (¥572.4B).
Debt to Equity History and Analysis
Debt Level: MITU.Y's net debt to equity ratio (51.6%) is considered high.
Reducing Debt: MITU.Y's debt to equity ratio has reduced from 76.6% to 69.1% over the past 5 years.
Debt Coverage: MITU.Y's debt is well covered by operating cash flow (28.6%).
Interest Coverage: MITU.Y's interest payments on its debt are well covered by EBIT (11.7x coverage).