Nitcho Balance Sheet Health
Financial Health criteria checks 5/6
Nitcho has a total shareholder equity of ¥6.1B and total debt of ¥230.0M, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are ¥12.3B and ¥6.2B respectively. Nitcho's EBIT is ¥669.0M making its interest coverage ratio -83.6. It has cash and short-term investments of ¥3.3B.
Key information
3.8%
Debt to equity ratio
JP¥230.00m
Debt
Interest coverage ratio | -83.6x |
Cash | JP¥3.35b |
Equity | JP¥6.13b |
Total liabilities | JP¥6.19b |
Total assets | JP¥12.33b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 2961's short term assets (¥8.9B) exceed its short term liabilities (¥5.0B).
Long Term Liabilities: 2961's short term assets (¥8.9B) exceed its long term liabilities (¥1.2B).
Debt to Equity History and Analysis
Debt Level: 2961 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 2961's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 2961's debt is well covered by operating cash flow (848.3%).
Interest Coverage: 2961 earns more interest than it pays, so coverage of interest payments is not a concern.