NIPPON ROAD Balance Sheet Health
Financial Health criteria checks 6/6
NIPPON ROAD has a total shareholder equity of ¥98.3B and total debt of ¥10.0B, which brings its debt-to-equity ratio to 10.1%. Its total assets and total liabilities are ¥154.1B and ¥55.8B respectively. NIPPON ROAD's EBIT is ¥7.7B making its interest coverage ratio -182.4. It has cash and short-term investments of ¥35.5B.
Key information
10.1%
Debt to equity ratio
JP¥9.95b
Debt
Interest coverage ratio | -182.4x |
Cash | JP¥35.50b |
Equity | JP¥98.31b |
Total liabilities | JP¥55.77b |
Total assets | JP¥154.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1884's short term assets (¥114.1B) exceed its short term liabilities (¥45.8B).
Long Term Liabilities: 1884's short term assets (¥114.1B) exceed its long term liabilities (¥9.9B).
Debt to Equity History and Analysis
Debt Level: 1884 has more cash than its total debt.
Reducing Debt: 1884's debt to equity ratio has reduced from 12.6% to 10.1% over the past 5 years.
Debt Coverage: 1884's debt is well covered by operating cash flow (87%).
Interest Coverage: 1884 earns more interest than it pays, so coverage of interest payments is not a concern.