Mitsubishi Chemical Group Balance Sheet Health
Financial Health criteria checks 5/6
Mitsubishi Chemical Group has a total shareholder equity of ¥2,258.0B and total debt of ¥2,092.7B, which brings its debt-to-equity ratio to 92.7%. Its total assets and total liabilities are ¥5,945.2B and ¥3,687.3B respectively. Mitsubishi Chemical Group's EBIT is ¥252.9B making its interest coverage ratio 5.8. It has cash and short-term investments of ¥352.1B.
Key information
92.7%
Debt to equity ratio
JP¥2.09t
Debt
| Interest coverage ratio | 5.8x |
| Cash | JP¥352.09b |
| Equity | JP¥2.26t |
| Total liabilities | JP¥3.69t |
| Total assets | JP¥5.95t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MTLH.Y's short term assets (¥2,152.3B) exceed its short term liabilities (¥1,638.7B).
Long Term Liabilities: MTLH.Y's short term assets (¥2,152.3B) exceed its long term liabilities (¥2,048.5B).
Debt to Equity History and Analysis
Debt Level: MTLH.Y's net debt to equity ratio (77.1%) is considered high.
Reducing Debt: MTLH.Y's debt to equity ratio has reduced from 102.5% to 92.7% over the past 5 years.
Debt Coverage: MTLH.Y's debt is well covered by operating cash flow (26%).
Interest Coverage: MTLH.Y's interest payments on its debt are well covered by EBIT (5.8x coverage).