Nippon Aqua Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Aqua has a total shareholder equity of ¥8.6B and total debt of ¥4.3B, which brings its debt-to-equity ratio to 50%. Its total assets and total liabilities are ¥19.4B and ¥10.8B respectively. Nippon Aqua's EBIT is ¥2.7B making its interest coverage ratio -245.5. It has cash and short-term investments of ¥1.9B.
Key information
50.0%
Debt to equity ratio
JP¥4.30b
Debt
Interest coverage ratio | -245.5x |
Cash | JP¥1.89b |
Equity | JP¥8.60b |
Total liabilities | JP¥10.79b |
Total assets | JP¥19.39b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1429's short term assets (¥14.5B) exceed its short term liabilities (¥10.6B).
Long Term Liabilities: 1429's short term assets (¥14.5B) exceed its long term liabilities (¥147.0M).
Debt to Equity History and Analysis
Debt Level: 1429's net debt to equity ratio (28%) is considered satisfactory.
Reducing Debt: 1429's debt to equity ratio has reduced from 54% to 50% over the past 5 years.
Debt Coverage: 1429's debt is well covered by operating cash flow (93.5%).
Interest Coverage: 1429 earns more interest than it pays, so coverage of interest payments is not a concern.