Nippon RietecLtd Balance Sheet Health
Financial Health criteria checks 5/6
Nippon RietecLtd has a total shareholder equity of ¥59.8B and total debt of ¥500.0M, which brings its debt-to-equity ratio to 0.8%. Its total assets and total liabilities are ¥87.3B and ¥27.5B respectively. Nippon RietecLtd's EBIT is ¥3.4B making its interest coverage ratio -44. It has cash and short-term investments of ¥8.9B.
Key information
0.8%
Debt to equity ratio
JP¥500.00m
Debt
Interest coverage ratio | -44x |
Cash | JP¥8.91b |
Equity | JP¥59.78b |
Total liabilities | JP¥27.54b |
Total assets | JP¥87.32b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 1938's short term assets (¥48.9B) exceed its short term liabilities (¥20.0B).
Long Term Liabilities: 1938's short term assets (¥48.9B) exceed its long term liabilities (¥7.5B).
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 0% to 0.8% over the past 5 years.
Debt Coverage: 1938's debt is well covered by operating cash flow (772.8%).
Interest Coverage: 1938 earns more interest than it pays, so coverage of interest payments is not a concern.