Nidec Balance Sheet Health
Financial Health criteria checks 6/6
Nidec has a total shareholder equity of ¥1,626.5B and total debt of ¥668.3B, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are ¥3,181.4B and ¥1,554.9B respectively. Nidec's EBIT is ¥168.4B making its interest coverage ratio -10.8. It has cash and short-term investments of ¥215.6B.
Key information
41.1%
Debt to equity ratio
JP¥668.30b
Debt
| Interest coverage ratio | -10.8x |
| Cash | JP¥215.62b |
| Equity | JP¥1.63t |
| Total liabilities | JP¥1.55t |
| Total assets | JP¥3.18t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIB's short term assets (¥1,556.2B) exceed its short term liabilities (¥932.6B).
Long Term Liabilities: NIB's short term assets (¥1,556.2B) exceed its long term liabilities (¥622.3B).
Debt to Equity History and Analysis
Debt Level: NIB's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: NIB's debt to equity ratio has reduced from 47.9% to 41.1% over the past 5 years.
Debt Coverage: NIB's debt is well covered by operating cash flow (41.5%).
Interest Coverage: NIB earns more interest than it pays, so coverage of interest payments is not a concern.