Nippon Aqua Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Aqua has a total shareholder equity of ¥9.3B and total debt of ¥2.4B, which brings its debt-to-equity ratio to 25.8%. Its total assets and total liabilities are ¥20.4B and ¥11.1B respectively. Nippon Aqua's EBIT is ¥2.9B making its interest coverage ratio -288.2. It has cash and short-term investments of ¥2.0B.
Key information
25.8%
Debt to equity ratio
JP¥2.40b
Debt
Interest coverage ratio | -288.2x |
Cash | JP¥2.03b |
Equity | JP ¥9.30b |
Total liabilities | JP¥11.09b |
Total assets | JP¥20.39b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: N3A's short term assets (¥15.5B) exceed its short term liabilities (¥10.9B).
Long Term Liabilities: N3A's short term assets (¥15.5B) exceed its long term liabilities (¥161.0M).
Debt to Equity History and Analysis
Debt Level: N3A's net debt to equity ratio (3.9%) is considered satisfactory.
Reducing Debt: N3A's debt to equity ratio has reduced from 47.2% to 25.8% over the past 5 years.
Debt Coverage: N3A's debt is well covered by operating cash flow (167.6%).
Interest Coverage: N3A earns more interest than it pays, so coverage of interest payments is not a concern.