Nichirei Balance Sheet Health
Financial Health criteria checks 6/6
Nichirei has a total shareholder equity of ¥272.6B and total debt of ¥95.8B, which brings its debt-to-equity ratio to 35.1%. Its total assets and total liabilities are ¥499.6B and ¥227.0B respectively. Nichirei's EBIT is ¥38.5B making its interest coverage ratio -68.9. It has cash and short-term investments of ¥35.1B.
Key information
35.1%
Debt to equity ratio
JP¥95.80b
Debt
| Interest coverage ratio | -68.9x |
| Cash | JP¥35.12b |
| Equity | JP¥272.60b |
| Total liabilities | JP¥226.99b |
| Total assets | JP¥499.59b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NI3's short term assets (¥212.7B) exceed its short term liabilities (¥126.1B).
Long Term Liabilities: NI3's short term assets (¥212.7B) exceed its long term liabilities (¥100.9B).
Debt to Equity History and Analysis
Debt Level: NI3's net debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: NI3's debt to equity ratio has reduced from 44.9% to 35.1% over the past 5 years.
Debt Coverage: NI3's debt is well covered by operating cash flow (65.2%).
Interest Coverage: NI3 earns more interest than it pays, so coverage of interest payments is not a concern.