Nippon Dry-Chemical Balance Sheet Health
Financial Health criteria checks 4/6
Nippon Dry-Chemical has a total shareholder equity of ¥27.0B and total debt of ¥8.3B, which brings its debt-to-equity ratio to 30.7%. Its total assets and total liabilities are ¥54.0B and ¥27.0B respectively. Nippon Dry-Chemical's EBIT is ¥4.8B making its interest coverage ratio -795.8. It has cash and short-term investments of ¥6.3B.
Key information
30.7%
Debt to equity ratio
JP¥8.29b
Debt
Interest coverage ratio | -795.8x |
Cash | JP¥6.32b |
Equity | JP¥27.05b |
Total liabilities | JP¥26.98b |
Total assets | JP¥54.03b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 1909's short term assets (¥41.4B) exceed its short term liabilities (¥22.4B).
Long Term Liabilities: 1909's short term assets (¥41.4B) exceed its long term liabilities (¥4.6B).
Debt to Equity History and Analysis
Debt Level: 1909's net debt to equity ratio (7.3%) is considered satisfactory.
Reducing Debt: 1909's debt to equity ratio has increased from 17.6% to 30.7% over the past 5 years.
Debt Coverage: 1909's debt is not well covered by operating cash flow (13.8%).
Interest Coverage: 1909 earns more interest than it pays, so coverage of interest payments is not a concern.