Nichias Balance Sheet Health

Financial Health criteria checks 6/6

Nichias has a total shareholder equity of ¥212.5B and total debt of ¥14.8B, which brings its debt-to-equity ratio to 7%. Its total assets and total liabilities are ¥290.4B and ¥77.8B respectively. Nichias's EBIT is ¥39.4B making its interest coverage ratio -64.2. It has cash and short-term investments of ¥62.4B.

Key information

7.0%

Debt to equity ratio

JP¥14.84b

Debt

Interest coverage ratio-64.2x
CashJP¥62.38b
EquityJP¥212.54b
Total liabilitiesJP¥77.82b
Total assetsJP¥290.36b

Recent financial health updates

Recent updates

Nichias (TSE:5393) Has Announced That It Will Be Increasing Its Dividend To ¥56.00

Dec 03
Nichias (TSE:5393) Has Announced That It Will Be Increasing Its Dividend To ¥56.00

Does Nichias (TSE:5393) Have A Healthy Balance Sheet?

Nov 27
Does Nichias (TSE:5393) Have A Healthy Balance Sheet?

Here's What To Make Of Nichias' (TSE:5393) Decelerating Rates Of Return

Oct 14
Here's What To Make Of Nichias' (TSE:5393) Decelerating Rates Of Return

Optimistic Investors Push Nichias Corporation (TSE:5393) Shares Up 30% But Growth Is Lacking

Sep 01
Optimistic Investors Push Nichias Corporation (TSE:5393) Shares Up 30% But Growth Is Lacking

Nichias (TSE:5393) Is Increasing Its Dividend To ¥52.00

Aug 23
Nichias (TSE:5393) Is Increasing Its Dividend To ¥52.00

Nichias' (TSE:5393) Dividend Will Be Increased To ¥52.00

Aug 09
Nichias' (TSE:5393) Dividend Will Be Increased To ¥52.00

Nichias (TSE:5393) Is Paying Out A Larger Dividend Than Last Year

Jul 25
Nichias (TSE:5393) Is Paying Out A Larger Dividend Than Last Year

Nichias (TSE:5393) Is Increasing Its Dividend To ¥52.00

Jul 11
Nichias (TSE:5393) Is Increasing Its Dividend To ¥52.00

Why Nichias Corporation (TSE:5393) Could Be Worth Watching

Jun 20
Why Nichias Corporation (TSE:5393) Could Be Worth Watching

Here's Why Nichias (TSE:5393) Can Manage Its Debt Responsibly

May 22
Here's Why Nichias (TSE:5393) Can Manage Its Debt Responsibly

Returns At Nichias (TSE:5393) Appear To Be Weighed Down

Apr 12
Returns At Nichias (TSE:5393) Appear To Be Weighed Down

Nichias' (TSE:5393) Shareholders Will Receive A Bigger Dividend Than Last Year

Mar 18
Nichias' (TSE:5393) Shareholders Will Receive A Bigger Dividend Than Last Year

Nichias Corporation's (TSE:5393) Share Price Is Matching Sentiment Around Its Earnings

Feb 29
Nichias Corporation's (TSE:5393) Share Price Is Matching Sentiment Around Its Earnings

Financial Position Analysis

Short Term Liabilities: 5393's short term assets (¥186.1B) exceed its short term liabilities (¥63.9B).

Long Term Liabilities: 5393's short term assets (¥186.1B) exceed its long term liabilities (¥13.9B).


Debt to Equity History and Analysis

Debt Level: 5393 has more cash than its total debt.

Reducing Debt: 5393's debt to equity ratio has reduced from 20% to 7% over the past 5 years.

Debt Coverage: 5393's debt is well covered by operating cash flow (228.1%).

Interest Coverage: 5393 earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 06:11
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Nichias Corporation is covered by 4 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullCompany Forecast
Noritsugu HirakawaDaiwa Securities Co. Ltd.
Hiroshi MatsudaMizuho Securities Co., Ltd.