Nakamichi Leasing Balance Sheet Health
Financial Health criteria checks 4/6
Nakamichi Leasing has a total shareholder equity of ¥11.3B and total debt of ¥128.4B, which brings its debt-to-equity ratio to 1134.3%. Its total assets and total liabilities are ¥155.6B and ¥144.3B respectively. Nakamichi Leasing's EBIT is ¥1.1B making its interest coverage ratio -5.1. It has cash and short-term investments of ¥11.1B.
Key information
1,134.3%
Debt to equity ratio
JP¥128.41b
Debt
| Interest coverage ratio | -5.1x |
| Cash | JP¥11.09b |
| Equity | JP¥11.32b |
| Total liabilities | JP¥144.27b |
| Total assets | JP¥155.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 8594's short term assets (¥127.1B) exceed its short term liabilities (¥45.0B).
Long Term Liabilities: 8594's short term assets (¥127.1B) exceed its long term liabilities (¥99.2B).
Debt to Equity History and Analysis
Debt Level: 8594's net debt to equity ratio (1036.3%) is considered high.
Reducing Debt: 8594's debt to equity ratio has reduced from 1264.7% to 1134.3% 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.