Nippon Denko Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Denko has a total shareholder equity of ¥71.5B and total debt of ¥12.9B, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are ¥97.7B and ¥26.3B respectively. Nippon Denko's EBIT is ¥5.0B making its interest coverage ratio 20.2. It has cash and short-term investments of ¥7.6B.
Key information
18.0%
Debt to equity ratio
JP¥12.87b
Debt
| Interest coverage ratio | 20.2x |
| Cash | JP¥7.57b |
| Equity | JP¥71.47b |
| Total liabilities | JP¥26.26b |
| Total assets | JP¥97.73b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NJ5's short term assets (¥49.4B) exceed its short term liabilities (¥15.4B).
Long Term Liabilities: NJ5's short term assets (¥49.4B) exceed its long term liabilities (¥10.9B).
Debt to Equity History and Analysis
Debt Level: NJ5's net debt to equity ratio (7.4%) is considered satisfactory.
Reducing Debt: NJ5's debt to equity ratio has reduced from 26.9% to 18% over the past 5 years.
Debt Coverage: NJ5's debt is well covered by operating cash flow (79.2%).
Interest Coverage: NJ5's interest payments on its debt are well covered by EBIT (20.2x coverage).