Nippon Dry-Chemical Balance Sheet Health
Financial Health criteria checks 5/6
Nippon Dry-Chemical has a total shareholder equity of ¥27.9B and total debt of ¥5.7B, which brings its debt-to-equity ratio to 20.4%. Its total assets and total liabilities are ¥48.0B and ¥20.1B respectively. Nippon Dry-Chemical's EBIT is ¥5.0B making its interest coverage ratio -386.1. It has cash and short-term investments of ¥9.7B.
Key information
20.4%
Debt to equity ratio
JP¥5.68b
Debt
| Interest coverage ratio | -386.1x |
| Cash | JP¥9.69b |
| Equity | JP¥27.88b |
| Total liabilities | JP¥20.14b |
| Total assets | JP¥48.03b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1909's short term assets (¥35.5B) exceed its short term liabilities (¥15.7B).
Long Term Liabilities: 1909's short term assets (¥35.5B) exceed its long term liabilities (¥4.4B).
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 17.7% to 20.4% over the past 5 years.
Debt Coverage: 1909's debt is well covered by operating cash flow (20.2%).
Interest Coverage: 1909 earns more interest than it pays, so coverage of interest payments is not a concern.