NHK Spring Balance Sheet Health
Financial Health criteria checks 6/6
NHK Spring has a total shareholder equity of ¥420.6B and total debt of ¥49.7B, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are ¥690.3B and ¥269.7B respectively. NHK Spring's EBIT is ¥34.7B making its interest coverage ratio -8. It has cash and short-term investments of ¥103.2B.
Key information
11.8%
Debt to equity ratio
JP¥49.67b
Debt
Interest coverage ratio | -8x |
Cash | JP¥103.22b |
Equity | JP¥420.57b |
Total liabilities | JP¥269.72b |
Total assets | JP¥690.29b |
Recent financial health updates
Recent updates
Here's Why NHK Spring (TSE:5991) Can Manage Its Debt Responsibly
Jun 04NHK Spring's (TSE:5991) Solid Profits Have Weak Fundamentals
May 22NHK Spring Co., Ltd.'s (TSE:5991) P/E Still Appears To Be Reasonable
Apr 28Estimating 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 (¥382.7B) exceed its short term liabilities (¥182.6B).
Long Term Liabilities: 5991's short term assets (¥382.7B) exceed its long term liabilities (¥87.1B).
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 23.5% to 11.8% over the past 5 years.
Debt Coverage: 5991's debt is well covered by operating cash flow (134.3%).
Interest Coverage: 5991 earns more interest than it pays, so coverage of interest payments is not a concern.