NITTAN Balance Sheet Health
Financial Health criteria checks 6/6
NITTAN has a total shareholder equity of ¥37.5B and total debt of ¥9.2B, which brings its debt-to-equity ratio to 24.6%. Its total assets and total liabilities are ¥62.9B and ¥25.4B respectively. NITTAN's EBIT is ¥1.3B making its interest coverage ratio -6.3. It has cash and short-term investments of ¥8.0B.
Key information
24.6%
Debt to equity ratio
JP¥9.23b
Debt
| Interest coverage ratio | -6.3x |
| Cash | JP¥8.03b |
| Equity | JP¥37.46b |
| Total liabilities | JP¥25.44b |
| Total assets | JP¥62.90b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6493's short term assets (¥28.8B) exceed its short term liabilities (¥14.2B).
Long Term Liabilities: 6493's short term assets (¥28.8B) exceed its long term liabilities (¥11.3B).
Debt to Equity History and Analysis
Debt Level: 6493's net debt to equity ratio (3.2%) is considered satisfactory.
Reducing Debt: 6493's debt to equity ratio has reduced from 42.2% to 24.6% over the past 5 years.
Debt Coverage: 6493's debt is well covered by operating cash flow (75.4%).
Interest Coverage: 6493 earns more interest than it pays, so coverage of interest payments is not a concern.