Nippon Carbon Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Carbon has a total shareholder equity of ¥57.7B and total debt of ¥8.9B, which brings its debt-to-equity ratio to 15.3%. Its total assets and total liabilities are ¥78.5B and ¥20.8B respectively. Nippon Carbon's EBIT is ¥6.4B making its interest coverage ratio -47.6. It has cash and short-term investments of ¥14.5B.
Key information
15.3%
Debt to equity ratio
JP¥8.85b
Debt
Interest coverage ratio | -47.6x |
Cash | JP¥14.53b |
Equity | JP¥57.68b |
Total liabilities | JP¥20.79b |
Total assets | JP¥78.47b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5302's short term assets (¥47.4B) exceed its short term liabilities (¥17.9B).
Long Term Liabilities: 5302's short term assets (¥47.4B) exceed its long term liabilities (¥2.9B).
Debt to Equity History and Analysis
Debt Level: 5302 has more cash than its total debt.
Reducing Debt: 5302's debt to equity ratio has reduced from 32% to 15.3% over the past 5 years.
Debt Coverage: 5302's debt is well covered by operating cash flow (36%).
Interest Coverage: 5302 earns more interest than it pays, so coverage of interest payments is not a concern.