Nix Balance Sheet Health
Financial Health criteria checks 6/6
Nix has a total shareholder equity of ¥4.0B and total debt of ¥175.0M, which brings its debt-to-equity ratio to 4.3%. Its total assets and total liabilities are ¥5.6B and ¥1.5B respectively. Nix's EBIT is ¥189.0M making its interest coverage ratio 189. It has cash and short-term investments of ¥1.7B.
Key information
4.3%
Debt to equity ratio
JP¥175.00m
Debt
Interest coverage ratio | 189x |
Cash | JP¥1.71b |
Equity | JP¥4.04b |
Total liabilities | JP¥1.53b |
Total assets | JP¥5.57b |
Financial Position Analysis
Short Term Liabilities: 4243's short term assets (¥3.5B) exceed its short term liabilities (¥1.0B).
Long Term Liabilities: 4243's short term assets (¥3.5B) exceed its long term liabilities (¥521.0M).
Debt to Equity History and Analysis
Debt Level: 4243 has more cash than its total debt.
Reducing Debt: 4243's debt to equity ratio has reduced from 11% to 4.3% over the past 5 years.
Debt Coverage: 4243's debt is well covered by operating cash flow (198.9%).
Interest Coverage: 4243's interest payments on its debt are well covered by EBIT (189x coverage).