Nikki Balance Sheet Health
Financial Health criteria checks 5/6
Nikki has a total shareholder equity of ¥12.4B and total debt of ¥7.2B, which brings its debt-to-equity ratio to 58.2%. Its total assets and total liabilities are ¥23.1B and ¥10.7B respectively. Nikki's EBIT is ¥904.0M making its interest coverage ratio -82.2. It has cash and short-term investments of ¥4.2B.
Key information
58.2%
Debt to equity ratio
JP¥7.21b
Debt
Interest coverage ratio | -82.2x |
Cash | JP¥4.18b |
Equity | JP¥12.39b |
Total liabilities | JP¥10.67b |
Total assets | JP¥23.06b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6042's short term assets (¥9.0B) exceed its short term liabilities (¥6.0B).
Long Term Liabilities: 6042's short term assets (¥9.0B) exceed its long term liabilities (¥4.7B).
Debt to Equity History and Analysis
Debt Level: 6042's net debt to equity ratio (24.5%) is considered satisfactory.
Reducing Debt: 6042's debt to equity ratio has increased from 31.8% to 58.2% over the past 5 years.
Debt Coverage: 6042's debt is well covered by operating cash flow (26.6%).
Interest Coverage: 6042 earns more interest than it pays, so coverage of interest payments is not a concern.