NTN Balance Sheet Health
Financial Health criteria checks 4/6
NTN has a total shareholder equity of ¥269.1B and total debt of ¥372.0B, which brings its debt-to-equity ratio to 138.3%. Its total assets and total liabilities are ¥887.9B and ¥618.8B respectively. NTN's EBIT is ¥31.3B making its interest coverage ratio 4.3. It has cash and short-term investments of ¥140.0B.
Key information
138.3%
Debt to equity ratio
JP¥372.05b
Debt
| Interest coverage ratio | 4.3x |
| Cash | JP¥140.01b |
| Equity | JP¥269.08b |
| Total liabilities | JP¥618.78b |
| Total assets | JP¥887.85b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NTN's short term assets (¥556.1B) exceed its short term liabilities (¥361.5B).
Long Term Liabilities: NTN's short term assets (¥556.1B) exceed its long term liabilities (¥257.3B).
Debt to Equity History and Analysis
Debt Level: NTN's net debt to equity ratio (86.2%) is considered high.
Reducing Debt: NTN's debt to equity ratio has reduced from 150.8% to 138.3% over the past 5 years.
Debt Coverage: NTN's debt is not well covered by operating cash flow (11.9%).
Interest Coverage: NTN's interest payments on its debt are well covered by EBIT (4.3x coverage).