Nittetsu Mining Balance Sheet Health
Financial Health criteria checks 6/6
Nittetsu Mining has a total shareholder equity of ¥150.7B and total debt of ¥19.6B, which brings its debt-to-equity ratio to 13%. Its total assets and total liabilities are ¥229.6B and ¥78.9B respectively. Nittetsu Mining's EBIT is ¥11.2B making its interest coverage ratio -10.3. It has cash and short-term investments of ¥37.4B.
Key information
13.0%
Debt to equity ratio
JP¥19.59b
Debt
Interest coverage ratio | -10.3x |
Cash | JP¥37.42b |
Equity | JP¥150.72b |
Total liabilities | JP¥78.86b |
Total assets | JP¥229.58b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7GI's short term assets (¥105.1B) exceed its short term liabilities (¥54.2B).
Long Term Liabilities: 7GI's short term assets (¥105.1B) exceed its long term liabilities (¥24.6B).
Debt to Equity History and Analysis
Debt Level: 7GI has more cash than its total debt.
Reducing Debt: 7GI's debt to equity ratio has reduced from 19% to 13% over the past 5 years.
Debt Coverage: 7GI's debt is well covered by operating cash flow (45.7%).
Interest Coverage: 7GI earns more interest than it pays, so coverage of interest payments is not a concern.