Canon Balance Sheet Health
Financial Health criteria checks 5/6
Canon has a total shareholder equity of ¥3,679.1B and total debt of ¥573.5B, which brings its debt-to-equity ratio to 15.6%. Its total assets and total liabilities are ¥5,741.2B and ¥2,062.0B respectively. Canon's EBIT is ¥382.1B making its interest coverage ratio -30.8. It has cash and short-term investments of ¥513.4B.
Key information
15.6%
Debt to equity ratio
JP¥573.50b
Debt
| Interest coverage ratio | -30.8x |
| Cash | JP¥513.44b |
| Equity | JP¥3.68t |
| Total liabilities | JP¥2.06t |
| Total assets | JP¥5.74t |
Recent financial health updates
No updates
Recent updates
Canon: A Diamond In The Rough Or A Cautionary Tale? A DCF Analysis
Feb 16Canon Remains Attractive - I'm Buying More
Dec 08Canon: A Japanese Giant With Potential Growth
Sep 24Canon: Eyeing Up A Swing Trade To The Upside
Jun 29Canon Inc.: Buyers Getting A Second Bite
Dec 07Canon: The Company Must Solve The Issue Of Generating Growth
Jul 17Canon Virginia's CEO Toru Nishizawa to step down
Jun 07Canon EPS beats by ¥15.94, beats on revenue
Apr 26Canon Inc.: Still On Course For Sustained Gains
Dec 29Financial Position Analysis
Short Term Liabilities: CAJP.Y's short term assets (¥2,434.1B) exceed its short term liabilities (¥1,583.7B).
Long Term Liabilities: CAJP.Y's short term assets (¥2,434.1B) exceed its long term liabilities (¥478.3B).
Debt to Equity History and Analysis
Debt Level: CAJP.Y's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: CAJP.Y's debt to equity ratio has increased from 13.7% to 15.6% over the past 5 years.
Debt Coverage: CAJP.Y's debt is well covered by operating cash flow (79.3%).
Interest Coverage: CAJP.Y earns more interest than it pays, so coverage of interest payments is not a concern.