Nichirin Balance Sheet Health
Financial Health criteria checks 6/6
Nichirin has a total shareholder equity of ¥61.2B and total debt of ¥613.0M, which brings its debt-to-equity ratio to 1%. Its total assets and total liabilities are ¥80.7B and ¥19.5B respectively. Nichirin's EBIT is ¥9.9B making its interest coverage ratio -36.6. It has cash and short-term investments of ¥21.4B.
Key information
1.0%
Debt to equity ratio
JP¥613.00m
Debt
Interest coverage ratio | -36.6x |
Cash | JP¥21.37b |
Equity | JP¥61.23b |
Total liabilities | JP¥19.45b |
Total assets | JP¥80.68b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 5184's short term assets (¥50.1B) exceed its short term liabilities (¥13.9B).
Long Term Liabilities: 5184's short term assets (¥50.1B) exceed its long term liabilities (¥5.6B).
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 6.3% to 1% over the past 5 years.
Debt Coverage: 5184's debt is well covered by operating cash flow (1617%).
Interest Coverage: 5184 earns more interest than it pays, so coverage of interest payments is not a concern.