Niterra Balance Sheet Health
Financial Health criteria checks 5/6
Niterra has a total shareholder equity of ¥607.8B and total debt of ¥176.8B, which brings its debt-to-equity ratio to 29.1%. Its total assets and total liabilities are ¥927.2B and ¥319.3B respectively. Niterra's EBIT is ¥94.6B making its interest coverage ratio -16.3. It has cash and short-term investments of ¥180.9B.
Key information
29.1%
Debt to equity ratio
JP¥176.83b
Debt
Interest coverage ratio | -16.3x |
Cash | JP¥180.92b |
Equity | JP¥607.82b |
Total liabilities | JP¥319.34b |
Total assets | JP¥927.15b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NGK's short term assets (¥525.1B) exceed its short term liabilities (¥155.1B).
Long Term Liabilities: NGK's short term assets (¥525.1B) exceed its long term liabilities (¥164.3B).
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 increased from 26.5% to 29.1% over the past 5 years.
Debt Coverage: NGK's debt is well covered by operating cash flow (61.6%).
Interest Coverage: NGK earns more interest than it pays, so coverage of interest payments is not a concern.