Nippon Avionics Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Avionics has a total shareholder equity of ¥13.1B and total debt of ¥4.8B, which brings its debt-to-equity ratio to 36.5%. Its total assets and total liabilities are ¥25.9B and ¥12.7B respectively. Nippon Avionics's EBIT is ¥2.3B making its interest coverage ratio 82.8. It has cash and short-term investments of ¥1.1B.
Key information
36.5%
Debt to equity ratio
JP¥4.79b
Debt
Interest coverage ratio | 82.8x |
Cash | JP¥1.15b |
Equity | JP¥13.12b |
Total liabilities | JP¥12.74b |
Total assets | JP¥25.86b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6NA's short term assets (¥19.2B) exceed its short term liabilities (¥8.0B).
Long Term Liabilities: 6NA's short term assets (¥19.2B) exceed its long term liabilities (¥4.7B).
Debt to Equity History and Analysis
Debt Level: 6NA's net debt to equity ratio (27.8%) is considered satisfactory.
Reducing Debt: 6NA's debt to equity ratio has reduced from 92.5% to 36.5% 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 (82.8x coverage).