Nishimatsu Construction Balance Sheet Health
Financial Health criteria checks 3/6
Nishimatsu Construction has a total shareholder equity of ¥176.9B and total debt of ¥186.2B, which brings its debt-to-equity ratio to 105.3%. Its total assets and total liabilities are ¥579.6B and ¥402.8B respectively. Nishimatsu Construction's EBIT is ¥18.5B making its interest coverage ratio -240.5. It has cash and short-term investments of ¥56.5B.
Key information
105.3%
Debt to equity ratio
JP¥186.15b
Debt
Interest coverage ratio | -240.5x |
Cash | JP¥56.53b |
Equity | JP¥176.86b |
Total liabilities | JP¥402.77b |
Total assets | JP¥579.62b |
Financial Position Analysis
Short Term Liabilities: 1820's short term assets (¥312.0B) exceed its short term liabilities (¥271.3B).
Long Term Liabilities: 1820's short term assets (¥312.0B) exceed its long term liabilities (¥131.5B).
Debt to Equity History and Analysis
Debt Level: 1820's net debt to equity ratio (73.3%) is considered high.
Reducing Debt: 1820's debt to equity ratio has increased from 43.2% to 105.3% over the past 5 years.
Debt Coverage: 1820's debt is not well covered by operating cash flow (17.2%).
Interest Coverage: 1820 earns more interest than it pays, so coverage of interest payments is not a concern.