Nichireki Group Balance Sheet Health
Financial Health criteria checks 5/6
Nichireki Group has a total shareholder equity of ¥74.2B and total debt of ¥1.3B, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are ¥90.5B and ¥16.2B respectively. Nichireki Group's EBIT is ¥5.4B making its interest coverage ratio -22.6. It has cash and short-term investments of ¥19.0B.
Key information
1.8%
Debt to equity ratio
JP¥1.30b
Debt
| Interest coverage ratio | -22.6x |
| Cash | JP¥18.98b |
| Equity | JP¥74.23b |
| Total liabilities | JP¥16.23b |
| Total assets | JP¥90.46b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5011's short term assets (¥40.5B) exceed its short term liabilities (¥13.9B).
Long Term Liabilities: 5011's short term assets (¥40.5B) exceed its long term liabilities (¥2.3B).
Debt to Equity History and Analysis
Debt Level: 5011 has more cash than its total debt.
Reducing Debt: 5011's debt to equity ratio has increased from 1.4% to 1.8% over the past 5 years.
Debt Coverage: 5011's debt is well covered by operating cash flow (426.5%).
Interest Coverage: 5011 earns more interest than it pays, so coverage of interest payments is not a concern.