Nippon Kayaku Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Kayaku has a total shareholder equity of ¥259.9B and total debt of ¥34.2B, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are ¥351.3B and ¥91.4B respectively. Nippon Kayaku's EBIT is ¥6.6B making its interest coverage ratio -4.1. It has cash and short-term investments of ¥54.4B.
Key information
13.1%
Debt to equity ratio
JP¥34.17b
Debt
Interest coverage ratio | -4.1x |
Cash | JP¥54.44b |
Equity | JP¥259.91b |
Total liabilities | JP¥91.39b |
Total assets | JP¥351.29b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NP7's short term assets (¥200.8B) exceed its short term liabilities (¥64.5B).
Long Term Liabilities: NP7's short term assets (¥200.8B) exceed its long term liabilities (¥26.9B).
Debt to Equity History and Analysis
Debt Level: NP7 has more cash than its total debt.
Reducing Debt: NP7's debt to equity ratio has increased from 6.2% to 13.1% over the past 5 years.
Debt Coverage: NP7's debt is well covered by operating cash flow (54.2%).
Interest Coverage: NP7 earns more interest than it pays, so coverage of interest payments is not a concern.