Nitto Boseki Balance Sheet Health
Financial Health criteria checks 4/6
Nitto Boseki has a total shareholder equity of ¥117.7B and total debt of ¥48.4B, which brings its debt-to-equity ratio to 41.1%. Its total assets and total liabilities are ¥199.4B and ¥81.7B respectively. Nitto Boseki's EBIT is ¥4.7B making its interest coverage ratio -33.6. It has cash and short-term investments of ¥16.4B.
Key information
41.1%
Debt to equity ratio
JP¥48.39b
Debt
Interest coverage ratio | -33.6x |
Cash | JP¥16.39b |
Equity | JP¥117.70b |
Total liabilities | JP¥81.74b |
Total assets | JP¥199.44b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 3110's short term assets (¥101.0B) exceed its short term liabilities (¥47.9B).
Long Term Liabilities: 3110's short term assets (¥101.0B) exceed its long term liabilities (¥33.9B).
Debt to Equity History and Analysis
Debt Level: 3110's net debt to equity ratio (27.2%) is considered satisfactory.
Reducing Debt: 3110's debt to equity ratio has increased from 24.7% to 41.1% over the past 5 years.
Debt Coverage: 3110's debt is not well covered by operating cash flow (2.9%).
Interest Coverage: 3110 earns more interest than it pays, so coverage of interest payments is not a concern.