NGK Insulators Balance Sheet Health
Financial Health criteria checks 6/6
NGK Insulators has a total shareholder equity of ¥727.5B and total debt of ¥257.8B, which brings its debt-to-equity ratio to 35.4%. Its total assets and total liabilities are ¥1,148.5B and ¥421.0B respectively. NGK Insulators's EBIT is ¥64.7B making its interest coverage ratio 100.6. It has cash and short-term investments of ¥248.0B.
Key information
35.4%
Debt to equity ratio
JP¥257.76b
Debt
| Interest coverage ratio | 100.6x |
| Cash | JP¥247.95b |
| Equity | JP¥727.47b |
| Total liabilities | JP¥421.03b |
| Total assets | JP¥1.15t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NGI's short term assets (¥657.5B) exceed its short term liabilities (¥178.5B).
Long Term Liabilities: NGI's short term assets (¥657.5B) exceed its long term liabilities (¥242.5B).
Debt to Equity History and Analysis
Debt Level: NGI's net debt to equity ratio (1.3%) is considered satisfactory.
Reducing Debt: NGI's debt to equity ratio has reduced from 48.5% to 35.4% over the past 5 years.
Debt Coverage: NGI's debt is well covered by operating cash flow (38.5%).
Interest Coverage: NGI's interest payments on its debt are well covered by EBIT (100.6x coverage).