Nikon Balance Sheet Health
Financial Health criteria checks 5/6
Nikon has a total shareholder equity of ¥705.8B and total debt of ¥169.6B, which brings its debt-to-equity ratio to 24%. Its total assets and total liabilities are ¥1,194.4B and ¥488.6B respectively. Nikon's EBIT is ¥42.2B making its interest coverage ratio -84.8. It has cash and short-term investments of ¥195.7B.
Key information
24.0%
Debt to equity ratio
JP¥169.59b
Debt
| Interest coverage ratio | -84.8x |
| Cash | JP¥195.65b |
| Equity | JP¥705.81b |
| Total liabilities | JP¥488.55b |
| Total assets | JP¥1.19t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NKN0's short term assets (¥674.8B) exceed its short term liabilities (¥356.8B).
Long Term Liabilities: NKN0's short term assets (¥674.8B) exceed its long term liabilities (¥131.7B).
Debt to Equity History and Analysis
Debt Level: NKN0 has more cash than its total debt.
Reducing Debt: NKN0's debt to equity ratio has increased from 20.7% to 24% over the past 5 years.
Debt Coverage: NKN0's debt is well covered by operating cash flow (28.5%).
Interest Coverage: NKN0 earns more interest than it pays, so coverage of interest payments is not a concern.