Mitsui High-tec Balance Sheet Health
Financial Health criteria checks 6/6
Mitsui High-tec has a total shareholder equity of ¥106.5B and total debt of ¥70.9B, which brings its debt-to-equity ratio to 66.6%. Its total assets and total liabilities are ¥214.8B and ¥108.3B respectively. Mitsui High-tec's EBIT is ¥17.5B making its interest coverage ratio -29.5. It has cash and short-term investments of ¥46.4B.
Key information
66.6%
Debt to equity ratio
JP¥70.90b
Debt
| Interest coverage ratio | -29.5x |
| Cash | JP¥46.43b |
| Equity | JP¥106.47b |
| Total liabilities | JP¥108.31b |
| Total assets | JP¥214.78b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MHTC.F's short term assets (¥101.4B) exceed its short term liabilities (¥43.1B).
Long Term Liabilities: MHTC.F's short term assets (¥101.4B) exceed its long term liabilities (¥65.2B).
Debt to Equity History and Analysis
Debt Level: MHTC.F's net debt to equity ratio (23%) is considered satisfactory.
Reducing Debt: MHTC.F's debt to equity ratio has reduced from 72.7% to 66.6% over the past 5 years.
Debt Coverage: MHTC.F's debt is well covered by operating cash flow (40%).
Interest Coverage: MHTC.F earns more interest than it pays, so coverage of interest payments is not a concern.