Nitto Boseki Balance Sheet Health
Financial Health criteria checks 6/6
Nitto Boseki has a total shareholder equity of ¥130.4B and total debt of ¥48.1B, which brings its debt-to-equity ratio to 36.9%. Its total assets and total liabilities are ¥211.3B and ¥80.9B respectively. Nitto Boseki's EBIT is ¥12.6B making its interest coverage ratio -104.3. It has cash and short-term investments of ¥22.9B.
Key information
36.9%
Debt to equity ratio
JP¥48.07b
Debt
| Interest coverage ratio | -104.3x |
| Cash | JP¥22.90b |
| Equity | JP¥130.40b |
| Total liabilities | JP¥80.93b |
| Total assets | JP¥211.34b |
Recent financial health updates
These 4 Measures Indicate That Nitto Boseki (TSE:3110) Is Using Debt Reasonably Well
Nov 23
Is Nitto Boseki (TSE:3110) A Risky Investment?
Aug 23Is Nitto Boseki (TSE:3110) Using Too Much Debt?
Apr 19Recent updates
These 4 Measures Indicate That Nitto Boseki (TSE:3110) Is Using Debt Reasonably Well
Nov 23Nitto Boseki Co., Ltd. Just Missed EPS By 30%: Here's What Analysts Think Will Happen Next
Nov 05Nitto Boseki Co., Ltd. (TSE:3110) Stocks Shoot Up 26% But Its P/S Still Looks Reasonable
Oct 08Nitto Boseki (TSE:3110) Has Some Way To Go To Become A Multi-Bagger
Sep 28Is Nitto Boseki (TSE:3110) A Risky Investment?
Aug 23Nitto Boseki Co., Ltd. (TSE:3110) Stocks Pounded By 33% But Not Lagging Industry On Growth Or Pricing
Aug 05Nitto Boseki Co., Ltd.'s (TSE:3110) Shares Climb 33% But Its Business Is Yet to Catch Up
May 21Returns On Capital At Nitto Boseki (TSE:3110) Paint A Concerning Picture
May 08Is Nitto Boseki (TSE:3110) Using Too Much Debt?
Apr 19Nitto Boseki Co., Ltd.'s (TSE:3110) Price In Tune With Revenues
Feb 26Financial Position Analysis
Short Term Liabilities: 3110's short term assets (¥105.7B) exceed its short term liabilities (¥40.9B).
Long Term Liabilities: 3110's short term assets (¥105.7B) exceed its long term liabilities (¥40.0B).
Debt to Equity History and Analysis
Debt Level: 3110's net debt to equity ratio (19.3%) is considered satisfactory.
Reducing Debt: 3110's debt to equity ratio has reduced from 41% to 36.9% over the past 5 years.
Debt Coverage: 3110's debt is well covered by operating cash flow (32%).
Interest Coverage: 3110 earns more interest than it pays, so coverage of interest payments is not a concern.