Nitto Denko Balance Sheet Health
Financial Health criteria checks 6/6
Nitto Denko has a total shareholder equity of ¥985.0B and total debt of ¥345.0M, which brings its debt-to-equity ratio to 0.04%. Its total assets and total liabilities are ¥1,251.1B and ¥266.0B respectively. Nitto Denko's EBIT is ¥135.7B making its interest coverage ratio -111.9. It has cash and short-term investments of ¥347.5B.
Key information
0.03%
Debt to equity ratio
JP¥345.00m
Debt
Interest coverage ratio | -111.9x |
Cash | JP¥347.49b |
Equity | JP¥985.05b |
Total liabilities | JP¥266.04b |
Total assets | JP¥1.25t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ND50's short term assets (¥718.0B) exceed its short term liabilities (¥206.9B).
Long Term Liabilities: ND50's short term assets (¥718.0B) exceed its long term liabilities (¥59.2B).
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 0.06% to 0.04% over the past 5 years.
Debt Coverage: ND50's debt is well covered by operating cash flow (45078.6%).
Interest Coverage: ND50 earns more interest than it pays, so coverage of interest payments is not a concern.