Nichirei Balance Sheet Health
Financial Health criteria checks 6/6
Nichirei has a total shareholder equity of ¥277.9B and total debt of ¥89.0B, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are ¥497.6B and ¥219.7B respectively. Nichirei's EBIT is ¥39.2B making its interest coverage ratio -65.2. It has cash and short-term investments of ¥32.7B.
Key information
32.0%
Debt to equity ratio
JP¥88.97b
Debt
| Interest coverage ratio | -65.2x |
| Cash | JP¥32.68b |
| Equity | JP¥277.95b |
| Total liabilities | JP¥219.65b |
| Total assets | JP¥497.60b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NI3's short term assets (¥207.9B) exceed its short term liabilities (¥118.6B).
Long Term Liabilities: NI3's short term assets (¥207.9B) exceed its long term liabilities (¥101.1B).
Debt to Equity History and Analysis
Debt Level: NI3's net debt to equity ratio (20.3%) is considered satisfactory.
Reducing Debt: NI3's debt to equity ratio has reduced from 47.9% to 32% over the past 5 years.
Debt Coverage: NI3's debt is well covered by operating cash flow (67.3%).
Interest Coverage: NI3 earns more interest than it pays, so coverage of interest payments is not a concern.