NTN Balance Sheet Health
Financial Health criteria checks 3/6
NTN has a total shareholder equity of ¥257.0B and total debt of ¥378.6B, which brings its debt-to-equity ratio to 147.3%. Its total assets and total liabilities are ¥903.2B and ¥646.2B respectively. NTN's EBIT is ¥22.6B making its interest coverage ratio 3.7. It has cash and short-term investments of ¥146.2B.
Key information
147.3%
Debt to equity ratio
JP¥378.64b
Debt
Interest coverage ratio | 3.7x |
Cash | JP¥146.21b |
Equity | JP¥257.01b |
Total liabilities | JP¥646.23b |
Total assets | JP¥903.24b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NTN's short term assets (¥561.4B) exceed its short term liabilities (¥346.5B).
Long Term Liabilities: NTN's short term assets (¥561.4B) exceed its long term liabilities (¥299.8B).
Debt to Equity History and Analysis
Debt Level: NTN's net debt to equity ratio (90.4%) is considered high.
Reducing Debt: NTN's debt to equity ratio has increased from 133.5% to 147.3% over the past 5 years.
Debt Coverage: NTN's debt is not well covered by operating cash flow (15.9%).
Interest Coverage: NTN's interest payments on its debt are well covered by EBIT (3.7x coverage).