Nitto Denko Balance Sheet Health
Financial Health criteria checks 6/6
Nitto Denko has a total shareholder equity of ¥945.6B and total debt of ¥301.0M, which brings its debt-to-equity ratio to 0.03%. Its total assets and total liabilities are ¥1,198.8B and ¥253.1B respectively. Nitto Denko's EBIT is ¥118.8B making its interest coverage ratio -190.1. It has cash and short-term investments of ¥317.6B.
Key information
0.03%
Debt to equity ratio
JP¥301.00m
Debt
Interest coverage ratio | -190.1x |
Cash | JP¥317.58b |
Equity | JP¥945.61b |
Total liabilities | JP¥253.15b |
Total assets | JP¥1.20t |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ND50's short term assets (¥693.6B) exceed its short term liabilities (¥188.2B).
Long Term Liabilities: ND50's short term assets (¥693.6B) exceed its long term liabilities (¥64.9B).
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 0.5% to 0.03% over the past 5 years.
Debt Coverage: ND50's debt is well covered by operating cash flow (48616.3%).
Interest Coverage: ND50 earns more interest than it pays, so coverage of interest payments is not a concern.