Nisshin OilliO GroupLtd Balance Sheet Health
Financial Health criteria checks 3/6
Nisshin OilliO GroupLtd has a total shareholder equity of ¥194.0B and total debt of ¥96.9B, which brings its debt-to-equity ratio to 49.9%. Its total assets and total liabilities are ¥387.9B and ¥193.9B respectively. Nisshin OilliO GroupLtd's EBIT is ¥19.6B making its interest coverage ratio 37.7. It has cash and short-term investments of ¥18.1B.
Key information
49.9%
Debt to equity ratio
JP¥96.90b
Debt
| Interest coverage ratio | 37.7x |
| Cash | JP¥18.12b |
| Equity | JP¥194.01b |
| Total liabilities | JP¥193.91b |
| Total assets | JP¥387.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8WC's short term assets (¥228.2B) exceed its short term liabilities (¥106.5B).
Long Term Liabilities: 8WC's short term assets (¥228.2B) exceed its long term liabilities (¥87.5B).
Debt to Equity History and Analysis
Debt Level: 8WC's net debt to equity ratio (40.6%) is considered high.
Reducing Debt: 8WC's debt to equity ratio has increased from 29.9% to 49.9% over the past 5 years.
Debt Coverage: 8WC's debt is not well covered by operating cash flow (18%).
Interest Coverage: 8WC's interest payments on its debt are well covered by EBIT (37.7x coverage).