Nix Balance Sheet Health
Financial Health criteria checks 5/6
Nix has a total shareholder equity of ¥4.3B and total debt of ¥288.0M, which brings its debt-to-equity ratio to 6.7%. Its total assets and total liabilities are ¥5.9B and ¥1.6B respectively. Nix's EBIT is ¥246.0M making its interest coverage ratio -246. It has cash and short-term investments of ¥2.0B.
Key information
6.7%
Debt to equity ratio
JP¥288.00m
Debt
| Interest coverage ratio | -246x |
| Cash | JP¥2.03b |
| Equity | JP¥4.30b |
| Total liabilities | JP¥1.61b |
| Total assets | JP¥5.91b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 4243's short term assets (¥3.8B) exceed its short term liabilities (¥954.0M).
Long Term Liabilities: 4243's short term assets (¥3.8B) exceed its long term liabilities (¥653.0M).
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 12.2% to 6.7% over the past 5 years.
Debt Coverage: 4243's debt is not well covered by operating cash flow (9.4%).
Interest Coverage: 4243 earns more interest than it pays, so coverage of interest payments is not a concern.