Nippon Avionics Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Avionics has a total shareholder equity of ¥12.9B and total debt of ¥4.8B, which brings its debt-to-equity ratio to 37%. Its total assets and total liabilities are ¥25.3B and ¥12.4B respectively. Nippon Avionics's EBIT is ¥2.4B making its interest coverage ratio 67.2. It has cash and short-term investments of ¥1.1B.
Key information
37.0%
Debt to equity ratio
JP¥4.79b
Debt
| Interest coverage ratio | 67.2x |
| Cash | JP¥1.07b |
| Equity | JP¥12.93b |
| Total liabilities | JP¥12.37b |
| Total assets | JP¥25.30b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6NA's short term assets (¥17.8B) exceed its short term liabilities (¥8.0B).
Long Term Liabilities: 6NA's short term assets (¥17.8B) exceed its long term liabilities (¥4.3B).
Debt to Equity History and Analysis
Debt Level: 6NA's net debt to equity ratio (28.8%) is considered satisfactory.
Reducing Debt: 6NA's debt to equity ratio has reduced from 61% to 37% over the past 5 years.
Debt Coverage: 6NA's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6NA's interest payments on its debt are well covered by EBIT (67.2x coverage).