Nippon Telegraph and Telephone Balance Sheet Health
Financial Health criteria checks 2/6
Nippon Telegraph and Telephone has a total shareholder equity of ¥11,055.4B and total debt of ¥9,806.4B, which brings its debt-to-equity ratio to 88.7%. Its total assets and total liabilities are ¥29,045.8B and ¥17,990.4B respectively. Nippon Telegraph and Telephone's EBIT is ¥1,892.2B making its interest coverage ratio 9.4. It has cash and short-term investments of ¥1,207.9B.
Key information
88.7%
Debt to equity ratio
JP¥9.81t
Debt
| Interest coverage ratio | 9.4x |
| Cash | JP¥1.21t |
| Equity | JP¥11.06t |
| Total liabilities | JP¥17.99t |
| Total assets | JP¥29.05t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NITT's short term assets (¥7,974.6B) do not cover its short term liabilities (¥8,033.1B).
Long Term Liabilities: NITT's short term assets (¥7,974.6B) do not cover its long term liabilities (¥9,957.3B).
Debt to Equity History and Analysis
Debt Level: NITT's net debt to equity ratio (77.8%) is considered high.
Reducing Debt: NITT's debt to equity ratio has increased from 38.6% to 88.7% over the past 5 years.
Debt Coverage: NITT's debt is well covered by operating cash flow (27.2%).
Interest Coverage: NITT's interest payments on its debt are well covered by EBIT (9.4x coverage).