Micronics Japan Balance Sheet Health
Financial Health criteria checks 6/6
Micronics Japan has a total shareholder equity of ¥41.8B and total debt of ¥952.0M, which brings its debt-to-equity ratio to 2.3%. Its total assets and total liabilities are ¥58.5B and ¥16.7B respectively. Micronics Japan's EBIT is ¥5.8B making its interest coverage ratio -59.1. It has cash and short-term investments of ¥19.0B.
Key information
2.3%
Debt to equity ratio
JP¥952.00m
Debt
| Interest coverage ratio | -59.1x |
| Cash | JP¥19.05b |
| Equity | JP¥41.78b |
| Total liabilities | JP¥16.75b |
| Total assets | JP¥58.53b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MJPN.F's short term assets (¥36.2B) exceed its short term liabilities (¥14.3B).
Long Term Liabilities: MJPN.F's short term assets (¥36.2B) exceed its long term liabilities (¥2.5B).
Debt to Equity History and Analysis
Debt Level: MJPN.F has more cash than its total debt.
Reducing Debt: MJPN.F's debt to equity ratio has reduced from 8.1% to 2.3% over the past 5 years.
Debt Coverage: MJPN.F's debt is well covered by operating cash flow (508.1%).
Interest Coverage: MJPN.F earns more interest than it pays, so coverage of interest payments is not a concern.