Nichireki Balance Sheet Health
Financial Health criteria checks 5/6
Nichireki has a total shareholder equity of ¥72.7B and total debt of ¥1.3B, which brings its debt-to-equity ratio to 1.8%. Its total assets and total liabilities are ¥92.1B and ¥19.4B respectively. Nichireki's EBIT is ¥6.9B making its interest coverage ratio -31.1. It has cash and short-term investments of ¥24.1B.
Key information
1.8%
Debt to equity ratio
JP¥1.30b
Debt
Interest coverage ratio | -31.1x |
Cash | JP¥24.13b |
Equity | JP¥72.72b |
Total liabilities | JP¥19.37b |
Total assets | JP¥92.09b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5011's short term assets (¥50.2B) exceed its short term liabilities (¥17.3B).
Long Term Liabilities: 5011's short term assets (¥50.2B) exceed its long term liabilities (¥2.1B).
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 (566%).
Interest Coverage: 5011 earns more interest than it pays, so coverage of interest payments is not a concern.