NHK Spring Balance Sheet Health
Financial Health criteria checks 6/6
NHK Spring has a total shareholder equity of ¥398.1B and total debt of ¥54.0B, which brings its debt-to-equity ratio to 13.6%. Its total assets and total liabilities are ¥658.2B and ¥260.1B respectively. NHK Spring's EBIT is ¥21.4B making its interest coverage ratio -5.5. It has cash and short-term investments of ¥94.8B.
Key information
13.6%
Debt to equity ratio
JP¥54.01b
Debt
| Interest coverage ratio | -5.5x |
| Cash | JP¥94.83b |
| Equity | JP¥398.09b |
| Total liabilities | JP¥260.10b |
| Total assets | JP¥658.19b |
Recent financial health updates
No updates
Recent updates
NHK Spring Co., Ltd.'s (TSE:5991) P/E Still Appears To Be Reasonable
Apr 28
Estimating The Intrinsic Value Of NHK Spring Co., Ltd. (TSE:5991)
Apr 15Be Wary Of NHK Spring (TSE:5991) And Its Returns On Capital
Mar 13NHK Spring (TSE:5991) Has Announced That It Will Be Increasing Its Dividend To ¥23.00
Feb 27Financial Position Analysis
Short Term Liabilities: 5991's short term assets (¥362.7B) exceed its short term liabilities (¥174.1B).
Long Term Liabilities: 5991's short term assets (¥362.7B) exceed its long term liabilities (¥86.0B).
Debt to Equity History and Analysis
Debt Level: 5991 has more cash than its total debt.
Reducing Debt: 5991's debt to equity ratio has reduced from 22.9% to 13.6% over the past 5 years.
Debt Coverage: 5991's debt is well covered by operating cash flow (41.9%).
Interest Coverage: 5991 earns more interest than it pays, so coverage of interest payments is not a concern.