Nihon Plast Balance Sheet Health
Financial Health criteria checks 5/6
Nihon Plast has a total shareholder equity of ¥31.1B and total debt of ¥23.5B, which brings its debt-to-equity ratio to 75.7%. Its total assets and total liabilities are ¥81.9B and ¥50.9B respectively. Nihon Plast's EBIT is ¥2.8B making its interest coverage ratio 4.5. It has cash and short-term investments of ¥12.4B.
Key information
75.7%
Debt to equity ratio
JP¥23.50b
Debt
Interest coverage ratio | 4.5x |
Cash | JP¥12.40b |
Equity | JP¥31.06b |
Total liabilities | JP¥50.88b |
Total assets | JP¥81.93b |
Financial Position Analysis
Short Term Liabilities: 7291's short term assets (¥46.3B) exceed its short term liabilities (¥38.9B).
Long Term Liabilities: 7291's short term assets (¥46.3B) exceed its long term liabilities (¥12.0B).
Debt to Equity History and Analysis
Debt Level: 7291's net debt to equity ratio (35.7%) is considered satisfactory.
Reducing Debt: 7291's debt to equity ratio has increased from 58.8% to 75.7% over the past 5 years.
Debt Coverage: 7291's debt is well covered by operating cash flow (48.9%).
Interest Coverage: 7291's interest payments on its debt are well covered by EBIT (4.5x coverage).