Shin Nippon Air Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Shin Nippon Air Technologies has a total shareholder equity of ¥65.6B and total debt of ¥9.9B, which brings its debt-to-equity ratio to 15.1%. Its total assets and total liabilities are ¥117.4B and ¥51.8B respectively. Shin Nippon Air Technologies's EBIT is ¥9.2B making its interest coverage ratio -18.2. It has cash and short-term investments of ¥13.6B.
Key information
15.1%
Debt to equity ratio
JP¥9.90b
Debt
| Interest coverage ratio | -18.2x |
| Cash | JP¥13.63b |
| Equity | JP¥65.59b |
| Total liabilities | JP¥51.76b |
| Total assets | JP¥117.35b |
Recent financial health updates
No updates
Recent updates
Shin Nippon Air Technologies' (TSE:1952) Earnings Are Weaker Than They Seem
May 21
Subdued Growth No Barrier To Shin Nippon Air Technologies Co., Ltd. (TSE:1952) With Shares Advancing 31%
Apr 10Shin Nippon Air Technologies (TSE:1952) Will Pay A Dividend Of ¥50.00
Mar 11Shin Nippon Air Technologies (TSE:1952) Will Pay A Dividend Of ¥50.00
Feb 26Financial Position Analysis
Short Term Liabilities: 1952's short term assets (¥84.3B) exceed its short term liabilities (¥48.2B).
Long Term Liabilities: 1952's short term assets (¥84.3B) exceed its long term liabilities (¥3.5B).
Debt to Equity History and Analysis
Debt Level: 1952 has more cash than its total debt.
Reducing Debt: 1952's debt to equity ratio has reduced from 30.1% to 15.1% over the past 5 years.
Debt Coverage: 1952's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 1952 earns more interest than it pays, so coverage of interest payments is not a concern.