Nikon Balance Sheet Health
Financial Health criteria checks 5/6
Nikon has a total shareholder equity of ¥665.7B and total debt of ¥159.3B, which brings its debt-to-equity ratio to 23.9%. Its total assets and total liabilities are ¥1,134.5B and ¥468.9B respectively. Nikon's EBIT is ¥34.3B making its interest coverage ratio 45. It has cash and short-term investments of ¥191.8B.
Key information
23.9%
Debt to equity ratio
JP¥159.26b
Debt
| Interest coverage ratio | 45x |
| Cash | JP¥191.78b |
| Equity | JP¥665.67b |
| Total liabilities | JP¥468.86b |
| Total assets | JP¥1.13t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NKN's short term assets (¥644.3B) exceed its short term liabilities (¥342.9B).
Long Term Liabilities: NKN's short term assets (¥644.3B) exceed its long term liabilities (¥126.0B).
Debt to Equity History and Analysis
Debt Level: NKN has more cash than its total debt.
Reducing Debt: NKN's debt to equity ratio has increased from 20.5% to 23.9% over the past 5 years.
Debt Coverage: NKN's debt is well covered by operating cash flow (48.9%).
Interest Coverage: NKN's interest payments on its debt are well covered by EBIT (45x coverage).