Nitto Denko Balance Sheet Health
Financial Health criteria checks 6/6
Nitto Denko has a total shareholder equity of ¥1,009.3B and total debt of ¥396.0M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are ¥1,292.7B and ¥283.4B respectively. Nitto Denko's EBIT is ¥180.5B making its interest coverage ratio -147.3. It has cash and short-term investments of ¥340.3B.
Key information
0.04%
Debt to equity ratio
JP¥396.00m
Debt
| Interest coverage ratio | -147.3x |
| Cash | JP¥340.30b |
| Equity | JP¥1.01t |
| Total liabilities | JP¥283.42b |
| Total assets | JP¥1.29t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ND50's short term assets (¥746.1B) exceed its short term liabilities (¥224.4B).
Long Term Liabilities: ND50's short term assets (¥746.1B) exceed its long term liabilities (¥59.0B).
Debt to Equity History and Analysis
Debt Level: ND50 has more cash than its total debt.
Reducing Debt: ND50's debt to equity ratio has reduced from 0.08% to 0.04% over the past 5 years.
Debt Coverage: ND50's debt is well covered by operating cash flow (53874%).
Interest Coverage: ND50 earns more interest than it pays, so coverage of interest payments is not a concern.