Niterra Balance Sheet Health
Financial Health criteria checks 6/6
Niterra has a total shareholder equity of ¥648.7B and total debt of ¥156.4B, which brings its debt-to-equity ratio to 24.1%. Its total assets and total liabilities are ¥964.9B and ¥316.2B respectively. Niterra's EBIT is ¥121.0B making its interest coverage ratio 19.4. It has cash and short-term investments of ¥189.0B.
Key information
24.1%
Debt to equity ratio
JP¥156.43b
Debt
| Interest coverage ratio | 19.4x |
| Cash | JP¥189.04b |
| Equity | JP¥648.68b |
| Total liabilities | JP¥316.18b |
| Total assets | JP¥964.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NGK's short term assets (¥555.5B) exceed its short term liabilities (¥135.2B).
Long Term Liabilities: NGK's short term assets (¥555.5B) exceed its long term liabilities (¥180.9B).
Debt to Equity History and Analysis
Debt Level: NGK has more cash than its total debt.
Reducing Debt: NGK's debt to equity ratio has reduced from 33.5% to 24.1% over the past 5 years.
Debt Coverage: NGK's debt is well covered by operating cash flow (87.5%).
Interest Coverage: NGK's interest payments on its debt are well covered by EBIT (19.4x coverage).