NITTAN Balance Sheet Health
Financial Health criteria checks 6/6
NITTAN has a total shareholder equity of ¥36.4B and total debt of ¥9.5B, which brings its debt-to-equity ratio to 26.2%. Its total assets and total liabilities are ¥62.5B and ¥26.1B respectively. NITTAN's EBIT is ¥2.7B making its interest coverage ratio -19.8. It has cash and short-term investments of ¥8.1B.
Key information
26.2%
Debt to equity ratio
JP¥9.53b
Debt
Interest coverage ratio | -19.8x |
Cash | JP¥8.10b |
Equity | JP¥36.44b |
Total liabilities | JP¥26.10b |
Total assets | JP¥62.54b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6493's short term assets (¥28.8B) exceed its short term liabilities (¥14.8B).
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 (3.9%) is considered satisfactory.
Reducing Debt: 6493's debt to equity ratio has reduced from 40.3% to 26.2% over the past 5 years.
Debt Coverage: 6493's debt is well covered by operating cash flow (66.3%).
Interest Coverage: 6493 earns more interest than it pays, so coverage of interest payments is not a concern.