Nihon Plast Balance Sheet Health
Financial Health criteria checks 4/6
Nihon Plast has a total shareholder equity of ¥31.7B and total debt of ¥25.9B, which brings its debt-to-equity ratio to 81.8%. Its total assets and total liabilities are ¥84.9B and ¥53.2B respectively. Nihon Plast's EBIT is ¥2.8B making its interest coverage ratio 4.4. It has cash and short-term investments of ¥11.8B.
Key information
81.8%
Debt to equity ratio
JP¥25.92b
Debt
Interest coverage ratio | 4.4x |
Cash | JP¥11.84b |
Equity | JP¥31.69b |
Total liabilities | JP¥53.21b |
Total assets | JP¥84.90b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 7291's short term assets (¥47.7B) exceed its short term liabilities (¥40.4B).
Long Term Liabilities: 7291's short term assets (¥47.7B) exceed its long term liabilities (¥12.8B).
Debt to Equity History and Analysis
Debt Level: 7291's net debt to equity ratio (44.4%) is considered high.
Reducing Debt: 7291's debt to equity ratio has increased from 63.4% to 81.8% over the past 5 years.
Debt Coverage: 7291's debt is well covered by operating cash flow (35.9%).
Interest Coverage: 7291's interest payments on its debt are well covered by EBIT (4.4x coverage).