Shin Nippon Biomedical Laboratories Balance Sheet Health
Financial Health criteria checks 3/6
Shin Nippon Biomedical Laboratories has a total shareholder equity of ¥36.5B and total debt of ¥35.0B, which brings its debt-to-equity ratio to 95.9%. Its total assets and total liabilities are ¥89.0B and ¥52.5B respectively. Shin Nippon Biomedical Laboratories's EBIT is ¥1.9B making its interest coverage ratio 59.1. It has cash and short-term investments of ¥11.2B.
Key information
95.9%
Debt to equity ratio
JP¥34.96b
Debt
| Interest coverage ratio | 59.1x |
| Cash | JP¥11.21b |
| Equity | JP¥36.45b |
| Total liabilities | JP¥52.53b |
| Total assets | JP¥88.98b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: YB3's short term assets (¥34.0B) exceed its short term liabilities (¥28.8B).
Long Term Liabilities: YB3's short term assets (¥34.0B) exceed its long term liabilities (¥23.7B).
Debt to Equity History and Analysis
Debt Level: YB3's net debt to equity ratio (65.2%) is considered high.
Reducing Debt: YB3's debt to equity ratio has increased from 67% to 95.9% over the past 5 years.
Debt Coverage: YB3's debt is not well covered by operating cash flow (4.7%).
Interest Coverage: YB3's interest payments on its debt are well covered by EBIT (59.1x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 21:50 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
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Industry and Sector Metrics
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Analyst Sources
Shin Nippon Biomedical Laboratories, Ltd. is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yuki Tsukamoto | BofA Global Research |
| Akitada Iwasa | Daiwa Securities Co. Ltd. |
| Masao Yoshida | Ichiyoshi Research Institute Inc. |