Nippon Dry-Chemical Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Dry-Chemical has a total shareholder equity of ¥28.8B and total debt of ¥6.1B, which brings its debt-to-equity ratio to 21.3%. Its total assets and total liabilities are ¥47.7B and ¥18.9B respectively. Nippon Dry-Chemical's EBIT is ¥4.8B making its interest coverage ratio -483. It has cash and short-term investments of ¥8.0B.
Key information
21.3%
Debt to equity ratio
JP¥6.14b
Debt
| Interest coverage ratio | -483x |
| Cash | JP¥8.05b |
| Equity | JP¥28.83b |
| Total liabilities | JP¥18.85b |
| Total assets | JP¥47.68b |
Recent financial health updates
Recent updates
Nippon Dry-Chemical Co., Ltd.'s (TSE:1909) Shares Bounce 26% But Its Business Still Trails The Market
Sep 24
We Think Nippon Dry-Chemical (TSE:1909) Can Stay On Top Of Its Debt
Sep 09The Market Doesn't Like What It Sees From Nippon Dry-Chemical Co., Ltd.'s (TSE:1909) Earnings Yet As Shares Tumble 26%
Aug 05Financial Position Analysis
Short Term Liabilities: 1909's short term assets (¥34.6B) exceed its short term liabilities (¥13.5B).
Long Term Liabilities: 1909's short term assets (¥34.6B) exceed its long term liabilities (¥5.3B).
Debt to Equity History and Analysis
Debt Level: 1909 has more cash than its total debt.
Reducing Debt: 1909's debt to equity ratio has increased from 15.2% to 21.3% over the past 5 years.
Debt Coverage: 1909's debt is well covered by operating cash flow (103.8%).
Interest Coverage: 1909 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/24 16:16 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Nippon Dry-Chemical Co., Ltd. is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Yusuke Miura | Daiwa Securities Co. Ltd. |
| Hitoshi Sakamoto | Mizuho Securities Co., Ltd. |