Noritake Balance Sheet Health
Financial Health criteria checks 6/6
Noritake has a total shareholder equity of ¥149.8B and total debt of ¥6.5B, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are ¥200.4B and ¥50.6B respectively. Noritake's EBIT is ¥11.0B making its interest coverage ratio -8.2. It has cash and short-term investments of ¥18.2B.
Key information
4.3%
Debt to equity ratio
JP¥6.46b
Debt
| Interest coverage ratio | -8.2x |
| Cash | JP¥18.23b |
| Equity | JP¥149.78b |
| Total liabilities | JP¥50.62b |
| Total assets | JP¥200.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NO4's short term assets (¥94.6B) exceed its short term liabilities (¥38.1B).
Long Term Liabilities: NO4's short term assets (¥94.6B) exceed its long term liabilities (¥12.6B).
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 5.6% to 4.3% over the past 5 years.
Debt Coverage: NO4's debt is well covered by operating cash flow (341.3%).
Interest Coverage: NO4 earns more interest than it pays, so coverage of interest payments is not a concern.