Nakamichi Leasing Balance Sheet Health
Financial Health criteria checks 4/6
Nakamichi Leasing has a total shareholder equity of ¥11.7B and total debt of ¥127.3B, which brings its debt-to-equity ratio to 1086.4%. Its total assets and total liabilities are ¥155.7B and ¥143.9B respectively. Nakamichi Leasing's EBIT is ¥1.5B making its interest coverage ratio -6.9. It has cash and short-term investments of ¥10.6B.
Key information
1,086.4%
Debt to equity ratio
JP¥127.31b
Debt
| Interest coverage ratio | -6.9x |
| Cash | JP¥10.60b |
| Equity | JP¥11.72b |
| Total liabilities | JP¥143.94b |
| Total assets | JP¥155.66b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8594's short term assets (¥127.2B) exceed its short term liabilities (¥46.5B).
Long Term Liabilities: 8594's short term assets (¥127.2B) exceed its long term liabilities (¥97.5B).
Debt to Equity History and Analysis
Debt Level: 8594's net debt to equity ratio (996%) is considered high.
Reducing Debt: 8594's debt to equity ratio has reduced from 1280.6% to 1086.4% over the past 5 years.
Debt Coverage: 8594's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 8594 earns more interest than it pays, so coverage of interest payments is not a concern.