NGK Insulators Balance Sheet Health
Financial Health criteria checks 6/6
NGK Insulators has a total shareholder equity of ¥697.2B and total debt of ¥254.0B, which brings its debt-to-equity ratio to 36.4%. Its total assets and total liabilities are ¥1,105.8B and ¥408.6B respectively. NGK Insulators's EBIT is ¥72.8B making its interest coverage ratio 188.7. It has cash and short-term investments of ¥249.8B.
Key information
36.4%
Debt to equity ratio
JP¥254.03b
Debt
| Interest coverage ratio | 188.7x |
| Cash | JP¥249.82b |
| Equity | JP¥697.24b |
| Total liabilities | JP¥408.61b |
| Total assets | JP¥1.11t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NGI's short term assets (¥640.0B) exceed its short term liabilities (¥176.3B).
Long Term Liabilities: NGI's short term assets (¥640.0B) exceed its long term liabilities (¥232.3B).
Debt to Equity History and Analysis
Debt Level: NGI's net debt to equity ratio (0.6%) is considered satisfactory.
Reducing Debt: NGI's debt to equity ratio has reduced from 49.5% to 36.4% over the past 5 years.
Debt Coverage: NGI's debt is well covered by operating cash flow (37.9%).
Interest Coverage: NGI's interest payments on its debt are well covered by EBIT (188.7x coverage).