Noritake Balance Sheet Health
Financial Health criteria checks 6/6
Noritake has a total shareholder equity of ¥137.2B and total debt of ¥6.5B, which brings its debt-to-equity ratio to 4.7%. Its total assets and total liabilities are ¥187.2B and ¥49.9B respectively. Noritake's EBIT is ¥10.1B making its interest coverage ratio -7.9. It has cash and short-term investments of ¥16.4B.
Key information
4.7%
Debt to equity ratio
JP¥6.47b
Debt
Interest coverage ratio | -7.9x |
Cash | JP¥16.39b |
Equity | JP¥137.24b |
Total liabilities | JP¥49.93b |
Total assets | JP¥187.17b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NO4's short term assets (¥92.1B) exceed its short term liabilities (¥40.8B).
Long Term Liabilities: NO4's short term assets (¥92.1B) exceed its long term liabilities (¥9.1B).
Debt to Equity History and Analysis
Debt Level: NO4 has more cash than its total debt.
Reducing Debt: NO4's debt to equity ratio has reduced from 9% to 4.7% over the past 5 years.
Debt Coverage: NO4's debt is well covered by operating cash flow (175.2%).
Interest Coverage: NO4 earns more interest than it pays, so coverage of interest payments is not a concern.