Nissin Balance Sheet Health
Financial Health criteria checks 6/6
Nissin has a total shareholder equity of ¥102.2B and total debt of ¥23.3B, which brings its debt-to-equity ratio to 22.8%. Its total assets and total liabilities are ¥174.3B and ¥72.1B respectively. Nissin's EBIT is ¥8.1B making its interest coverage ratio -16.1. It has cash and short-term investments of ¥28.9B.
Key information
22.8%
Debt to equity ratio
JP¥23.30b
Debt
Interest coverage ratio | -16.1x |
Cash | JP¥28.93b |
Equity | JP¥102.22b |
Total liabilities | JP¥72.13b |
Total assets | JP¥174.35b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 8P1's short term assets (¥67.7B) exceed its short term liabilities (¥41.9B).
Long Term Liabilities: 8P1's short term assets (¥67.7B) exceed its long term liabilities (¥30.2B).
Debt to Equity History and Analysis
Debt Level: 8P1 has more cash than its total debt.
Reducing Debt: 8P1's debt to equity ratio has reduced from 41% to 22.8% over the past 5 years.
Debt Coverage: 8P1's debt is well covered by operating cash flow (58.3%).
Interest Coverage: 8P1 earns more interest than it pays, so coverage of interest payments is not a concern.