Nippon RietecLtd Balance Sheet Health
Financial Health criteria checks 4/6
Nippon RietecLtd has a total shareholder equity of ¥59.3B and total debt of ¥7.0B, which brings its debt-to-equity ratio to 11.8%. Its total assets and total liabilities are ¥89.9B and ¥30.6B respectively. Nippon RietecLtd's EBIT is ¥4.4B making its interest coverage ratio -45.9. It has cash and short-term investments of ¥7.7B.
Key information
11.8%
Debt to equity ratio
JP¥7.00b
Debt
| Interest coverage ratio | -45.9x |
| Cash | JP¥7.75b |
| Equity | JP¥59.34b |
| Total liabilities | JP¥30.59b |
| Total assets | JP¥89.93b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1938's short term assets (¥51.8B) exceed its short term liabilities (¥23.2B).
Long Term Liabilities: 1938's short term assets (¥51.8B) exceed its long term liabilities (¥7.4B).
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 increased from 5.1% to 11.8% over the past 5 years.
Debt Coverage: 1938's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1938 earns more interest than it pays, so coverage of interest payments is not a concern.