Shin Nippon Air Technologies Balance Sheet Health
Financial Health criteria checks 5/6
Shin Nippon Air Technologies has a total shareholder equity of ¥65.1B and total debt of ¥6.4B, which brings its debt-to-equity ratio to 9.8%. Its total assets and total liabilities are ¥99.4B and ¥34.3B respectively. Shin Nippon Air Technologies's EBIT is ¥9.5B making its interest coverage ratio -16.7. It has cash and short-term investments of ¥11.6B.
Key information
9.8%
Debt to equity ratio
JP¥6.36b
Debt
| Interest coverage ratio | -16.7x |
| Cash | JP¥11.57b |
| Equity | JP¥65.10b |
| Total liabilities | JP¥34.26b |
| Total assets | JP¥99.35b |
Recent financial health updates
Recent updates
Shin Nippon Air Technologies (TSE:1952) Is Due To Pay A Dividend Of ¥60.00
Aug 16
Is Shin Nippon Air Technologies (TSE:1952) A Risky Investment?
Aug 04There's Been No Shortage Of Growth Recently For Shin Nippon Air Technologies' (TSE:1952) Returns On Capital
Jun 21Shin Nippon Air Technologies' (TSE:1952) Earnings Are Weaker Than They Seem
May 21Subdued 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 (¥66.4B) exceed its short term liabilities (¥30.3B).
Long Term Liabilities: 1952's short term assets (¥66.4B) exceed its long term liabilities (¥3.9B).
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 17.6% to 9.8% 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.