Nitto Boseki Balance Sheet Health
Financial Health criteria checks 4/6
Nitto Boseki has a total shareholder equity of ¥127.3B and total debt of ¥50.0B, which brings its debt-to-equity ratio to 39.3%. Its total assets and total liabilities are ¥211.3B and ¥84.0B respectively. Nitto Boseki's EBIT is ¥11.4B making its interest coverage ratio -104.7. It has cash and short-term investments of ¥21.5B.
Key information
39.3%
Debt to equity ratio
JP¥49.98b
Debt
| Interest coverage ratio | -104.7x |
| Cash | JP¥21.48b |
| Equity | JP¥127.25b |
| Total liabilities | JP¥84.01b |
| Total assets | JP¥211.27b |
Recent financial health updates
Is Nitto Boseki (TSE:3110) A Risky Investment?
Aug 23
Is Nitto Boseki (TSE:3110) Using Too Much Debt?
Apr 19Recent updates
Is 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 (¥107.3B) exceed its short term liabilities (¥46.3B).
Long Term Liabilities: 3110's short term assets (¥107.3B) exceed its long term liabilities (¥37.7B).
Debt to Equity History and Analysis
Debt Level: 3110's net debt to equity ratio (22.4%) is considered satisfactory.
Reducing Debt: 3110's debt to equity ratio has increased from 30.2% to 39.3% over the past 5 years.
Debt Coverage: 3110's debt is not well covered by operating cash flow (10.1%).
Interest Coverage: 3110 earns more interest than it pays, so coverage of interest payments is not a concern.