Nippon RietecLtd Balance Sheet Health
Financial Health criteria checks 6/6
Nippon RietecLtd has a total shareholder equity of ¥57.0B and total debt of ¥6.0B, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are ¥85.9B and ¥28.9B respectively. Nippon RietecLtd's EBIT is ¥4.0B making its interest coverage ratio -52.1. It has cash and short-term investments of ¥6.4B.
Key information
10.5%
Debt to equity ratio
JP¥6.00b
Debt
Interest coverage ratio | -52.1x |
Cash | JP¥6.43b |
Equity | JP¥57.01b |
Total liabilities | JP¥28.90b |
Total assets | JP¥85.91b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 1938's short term assets (¥48.9B) exceed its short term liabilities (¥21.0B).
Long Term Liabilities: 1938's short term assets (¥48.9B) exceed its long term liabilities (¥7.9B).
Debt to Equity History and Analysis
Debt Level: 1938 has more cash than its total debt.
Reducing Debt: 1938's debt to equity ratio has reduced from 16.2% to 10.5% over the past 5 years.
Debt Coverage: 1938's debt is well covered by operating cash flow (70.3%).
Interest Coverage: 1938 earns more interest than it pays, so coverage of interest payments is not a concern.