Nippon Carbon Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Carbon has a total shareholder equity of ¥60.3B and total debt of ¥9.3B, which brings its debt-to-equity ratio to 15.4%. Its total assets and total liabilities are ¥82.2B and ¥21.9B respectively. Nippon Carbon's EBIT is ¥6.7B making its interest coverage ratio -35.9. It has cash and short-term investments of ¥13.6B.
Key information
15.4%
Debt to equity ratio
JP¥9.27b
Debt
| Interest coverage ratio | -35.9x |
| Cash | JP¥13.61b |
| Equity | JP¥60.31b |
| Total liabilities | JP¥21.94b |
| Total assets | JP¥82.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NPV's short term assets (¥48.1B) exceed its short term liabilities (¥18.9B).
Long Term Liabilities: NPV's short term assets (¥48.1B) exceed its long term liabilities (¥3.1B).
Debt to Equity History and Analysis
Debt Level: NPV has more cash than its total debt.
Reducing Debt: NPV's debt to equity ratio has reduced from 26.3% to 15.4% over the past 5 years.
Debt Coverage: NPV's debt is well covered by operating cash flow (37.6%).
Interest Coverage: NPV earns more interest than it pays, so coverage of interest payments is not a concern.