Nichias Balance Sheet Health

Financial Health criteria checks 6/6

Nichias has a total shareholder equity of ¥207.3B and total debt of ¥21.8B, which brings its debt-to-equity ratio to 10.5%. Its total assets and total liabilities are ¥294.3B and ¥87.1B respectively. Nichias's EBIT is ¥38.1B making its interest coverage ratio -63.9. It has cash and short-term investments of ¥62.3B.

Key information

10.5%

Debt to equity ratio

JP¥21.81b

Debt

Interest coverage ratio-63.9x
CashJP¥62.28b
EquityJP¥207.29b
Total liabilitiesJP¥87.05b
Total assetsJP¥294.34b

Recent financial health updates

Recent updates

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 (¥188.2B) exceed its short term liabilities (¥71.9B).

Long Term Liabilities: 5393's short term assets (¥188.2B) exceed its long term liabilities (¥15.1B).


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 22.4% to 10.5% over the past 5 years.

Debt Coverage: 5393's debt is well covered by operating cash flow (117.3%).

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


Balance Sheet


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