Nitta Balance Sheet Health
Financial Health criteria checks 6/6
Nitta has a total shareholder equity of ¥142.0B and total debt of ¥286.0M, which brings its debt-to-equity ratio to 0.2%. Its total assets and total liabilities are ¥169.5B and ¥27.5B respectively. Nitta's EBIT is ¥4.4B making its interest coverage ratio -9.5. It has cash and short-term investments of ¥42.3B.
Key information
0.2%
Debt to equity ratio
JP¥286.00m
Debt
Interest coverage ratio | -9.5x |
Cash | JP¥42.31b |
Equity | JP¥142.01b |
Total liabilities | JP¥27.49b |
Total assets | JP¥169.50b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5186's short term assets (¥86.7B) exceed its short term liabilities (¥20.3B).
Long Term Liabilities: 5186's short term assets (¥86.7B) exceed its long term liabilities (¥7.2B).
Debt to Equity History and Analysis
Debt Level: 5186 has more cash than its total debt.
Reducing Debt: 5186's debt to equity ratio has reduced from 0.3% to 0.2% over the past 5 years.
Debt Coverage: 5186's debt is well covered by operating cash flow (2231.1%).
Interest Coverage: 5186 earns more interest than it pays, so coverage of interest payments is not a concern.