NGK Insulators Balance Sheet Health
Financial Health criteria checks 6/6
NGK Insulators has a total shareholder equity of ¥703.2B and total debt of ¥259.3B, which brings its debt-to-equity ratio to 36.9%. Its total assets and total liabilities are ¥1,127.6B and ¥424.4B respectively. NGK Insulators's EBIT is ¥65.6B making its interest coverage ratio 63. It has cash and short-term investments of ¥242.7B.
Key information
36.9%
Debt to equity ratio
JP¥259.33b
Debt
| Interest coverage ratio | 63x |
| Cash | JP¥242.67b |
| Equity | JP¥703.22b |
| Total liabilities | JP¥424.35b |
| Total assets | JP¥1.13t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 5333's short term assets (¥642.2B) exceed its short term liabilities (¥175.8B).
Long Term Liabilities: 5333's short term assets (¥642.2B) exceed its long term liabilities (¥248.5B).
Debt to Equity History and Analysis
Debt Level: 5333's net debt to equity ratio (2.4%) is considered satisfactory.
Reducing Debt: 5333's debt to equity ratio has reduced from 46.9% to 36.9% over the past 5 years.
Debt Coverage: 5333's debt is well covered by operating cash flow (38.2%).
Interest Coverage: 5333's interest payments on its debt are well covered by EBIT (63x coverage).