Nichicon Balance Sheet Health
Financial Health criteria checks 5/6
Nichicon has a total shareholder equity of ¥115.7B and total debt of ¥32.5B, which brings its debt-to-equity ratio to 28.1%. Its total assets and total liabilities are ¥200.6B and ¥85.0B respectively. Nichicon's EBIT is ¥4.6B making its interest coverage ratio -4.5. It has cash and short-term investments of ¥28.7B.
Key information
28.1%
Debt to equity ratio
JP¥32.50b
Debt
| Interest coverage ratio | -4.5x |
| Cash | JP¥28.67b |
| Equity | JP¥115.65b |
| Total liabilities | JP¥84.99b |
| Total assets | JP¥200.64b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NH4's short term assets (¥113.6B) exceed its short term liabilities (¥69.5B).
Long Term Liabilities: NH4's short term assets (¥113.6B) exceed its long term liabilities (¥15.5B).
Debt to Equity History and Analysis
Debt Level: NH4's net debt to equity ratio (3.3%) is considered satisfactory.
Reducing Debt: NH4's debt to equity ratio has increased from 19.5% to 28.1% over the past 5 years.
Debt Coverage: NH4's debt is well covered by operating cash flow (41.8%).
Interest Coverage: NH4 earns more interest than it pays, so coverage of interest payments is not a concern.