Novac Balance Sheet Health
Financial Health criteria checks 4/6
Novac has a total shareholder equity of ¥18.0B and total debt of ¥1.5B, which brings its debt-to-equity ratio to 8.3%. Its total assets and total liabilities are ¥27.3B and ¥9.3B respectively. Novac's EBIT is ¥808.0M making its interest coverage ratio 62.2. It has cash and short-term investments of ¥3.7B.
Key information
8.3%
Debt to equity ratio
JP¥1.50b
Debt
| Interest coverage ratio | 62.2x |
| Cash | JP¥3.74b |
| Equity | JP¥18.02b |
| Total liabilities | JP¥9.30b |
| Total assets | JP¥27.32b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5079's short term assets (¥24.5B) exceed its short term liabilities (¥9.2B).
Long Term Liabilities: 5079's short term assets (¥24.5B) exceed its long term liabilities (¥151.0M).
Debt to Equity History and Analysis
Debt Level: 5079 has more cash than its total debt.
Reducing Debt: Insufficient data to determine if 5079's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: 5079's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 5079's interest payments on its debt are well covered by EBIT (62.2x coverage).