Noritake Balance Sheet Health
Financial Health criteria checks 6/6
Noritake has a total shareholder equity of ¥149.3B and total debt of ¥5.7B, which brings its debt-to-equity ratio to 3.8%. Its total assets and total liabilities are ¥195.7B and ¥46.4B respectively. Noritake's EBIT is ¥11.3B making its interest coverage ratio -8.3. It has cash and short-term investments of ¥16.5B.
Key information
3.8%
Debt to equity ratio
JP¥5.73b
Debt
| Interest coverage ratio | -8.3x |
| Cash | JP¥16.47b |
| Equity | JP¥149.25b |
| Total liabilities | JP¥46.42b |
| Total assets | JP¥195.67b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5331's short term assets (¥89.7B) exceed its short term liabilities (¥34.4B).
Long Term Liabilities: 5331's short term assets (¥89.7B) exceed its long term liabilities (¥12.0B).
Debt to Equity History and Analysis
Debt Level: 5331 has more cash than its total debt.
Reducing Debt: 5331's debt to equity ratio has reduced from 5.6% to 3.8% over the past 5 years.
Debt Coverage: 5331's debt is well covered by operating cash flow (207.6%).
Interest Coverage: 5331 earns more interest than it pays, so coverage of interest payments is not a concern.