Nichirin Balance Sheet Health
Financial Health criteria checks 6/6
Nichirin has a total shareholder equity of ¥58.3B and total debt of ¥754.0M, which brings its debt-to-equity ratio to 1.3%. Its total assets and total liabilities are ¥77.9B and ¥19.6B respectively. Nichirin's EBIT is ¥9.6B making its interest coverage ratio -38.8. It has cash and short-term investments of ¥20.6B.
Key information
1.3%
Debt to equity ratio
JP¥754.00m
Debt
Interest coverage ratio | -38.8x |
Cash | JP¥20.60b |
Equity | JP¥58.35b |
Total liabilities | JP¥19.59b |
Total assets | JP¥77.94b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 5184's short term assets (¥49.1B) exceed its short term liabilities (¥14.1B).
Long Term Liabilities: 5184's short term assets (¥49.1B) exceed its long term liabilities (¥5.5B).
Debt to Equity History and Analysis
Debt Level: 5184 has more cash than its total debt.
Reducing Debt: 5184's debt to equity ratio has reduced from 4.4% to 1.3% over the past 5 years.
Debt Coverage: 5184's debt is well covered by operating cash flow (1314.6%).
Interest Coverage: 5184 earns more interest than it pays, so coverage of interest payments is not a concern.