NITTAN Balance Sheet Health
Financial Health criteria checks 6/6
NITTAN has a total shareholder equity of ¥37.3B and total debt of ¥9.2B, which brings its debt-to-equity ratio to 24.7%. Its total assets and total liabilities are ¥62.8B and ¥25.4B respectively. NITTAN's EBIT is ¥1.2B making its interest coverage ratio -5.7. It has cash and short-term investments of ¥8.0B.
Key information
24.7%
Debt to equity ratio
JP¥9.23b
Debt
| Interest coverage ratio | -5.7x |
| Cash | JP¥8.03b |
| Equity | JP¥37.34b |
| Total liabilities | JP¥25.44b |
| Total assets | JP¥62.78b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6493's short term assets (¥28.7B) exceed its short term liabilities (¥14.2B).
Long Term Liabilities: 6493's short term assets (¥28.7B) 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 24.7% over the past 5 years.
Debt Coverage: 6493's debt is well covered by operating cash flow (49.6%).
Interest Coverage: 6493 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/23 12:24 |
| End of Day Share Price | 2024/12/23 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
NITTAN Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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