Nippon Aqua Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Aqua has a total shareholder equity of ¥9.3B and total debt of ¥4.1B, which brings its debt-to-equity ratio to 43.9%. Its total assets and total liabilities are ¥20.5B and ¥11.1B respectively. Nippon Aqua's EBIT is ¥2.2B making its interest coverage ratio -156.2. It has cash and short-term investments of ¥2.0B.
Key information
43.9%
Debt to equity ratio
JP¥4.10b
Debt
| Interest coverage ratio | -156.2x |
| Cash | JP¥2.02b |
| Equity | JP¥9.34b |
| Total liabilities | JP¥11.14b |
| Total assets | JP¥20.48b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1429's short term assets (¥15.5B) exceed its short term liabilities (¥11.0B).
Long Term Liabilities: 1429's short term assets (¥15.5B) exceed its long term liabilities (¥107.6M).
Debt to Equity History and Analysis
Debt Level: 1429's net debt to equity ratio (22.3%) is considered satisfactory.
Reducing Debt: 1429's debt to equity ratio has increased from 43.4% to 43.9% over the past 5 years.
Debt Coverage: 1429's debt is well covered by operating cash flow (31%).
Interest Coverage: 1429 earns more interest than it pays, so coverage of interest payments is not a concern.