Nitto Boseki Balance Sheet Health
Financial Health criteria checks 4/6
Nitto Boseki has a total shareholder equity of ¥123.7B and total debt of ¥51.8B, which brings its debt-to-equity ratio to 41.9%. Its total assets and total liabilities are ¥212.1B and ¥88.4B respectively. Nitto Boseki's EBIT is ¥8.4B making its interest coverage ratio -73.6. It has cash and short-term investments of ¥23.7B.
Key information
41.9%
Debt to equity ratio
JP¥51.84b
Debt
| Interest coverage ratio | -73.6x |
| Cash | JP¥23.66b |
| Equity | JP¥123.71b |
| Total liabilities | JP¥88.41b |
| Total assets | JP¥212.11b |
Recent financial health updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 3110's short term assets (¥109.0B) exceed its short term liabilities (¥51.7B).
Long Term Liabilities: 3110's short term assets (¥109.0B) exceed its long term liabilities (¥36.7B).
Debt to Equity History and Analysis
Debt Level: 3110's net debt to equity ratio (22.8%) is considered satisfactory.
Reducing Debt: 3110's debt to equity ratio has increased from 25% to 41.9% over the past 5 years.
Debt Coverage: 3110's debt is not well covered by operating cash flow (9.8%).
Interest Coverage: 3110 earns more interest than it pays, so coverage of interest payments is not a concern.