Nippon Sharyo Balance Sheet Health
Financial Health criteria checks 4/6
Nippon Sharyo has a total shareholder equity of ¥62.2B and total debt of ¥37.7B, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are ¥136.4B and ¥74.2B respectively. Nippon Sharyo's EBIT is ¥6.1B making its interest coverage ratio -55.1. It has cash and short-term investments of ¥3.9B.
Key information
60.5%
Debt to equity ratio
JP¥37.66b
Debt
Interest coverage ratio | -55.1x |
Cash | JP¥3.91b |
Equity | JP¥62.23b |
Total liabilities | JP¥74.17b |
Total assets | JP¥136.40b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NIP's short term assets (¥75.8B) exceed its short term liabilities (¥31.7B).
Long Term Liabilities: NIP's short term assets (¥75.8B) exceed its long term liabilities (¥42.5B).
Debt to Equity History and Analysis
Debt Level: NIP's net debt to equity ratio (54.2%) is considered high.
Reducing Debt: NIP's debt to equity ratio has reduced from 171.1% to 60.5% over the past 5 years.
Debt Coverage: NIP's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: NIP earns more interest than it pays, so coverage of interest payments is not a concern.