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 |
| Cash | JP¥62.28b |
| Equity | JP¥207.29b |
| Total liabilities | JP¥87.05b |
| Total assets | JP¥294.34b |
Recent financial health updates
Recent updates
Optimistic Investors Push Nichias Corporation (TSE:5393) Shares Up 30% But Growth Is Lacking
Sep 01
Nichias (TSE:5393) Is Increasing Its Dividend To ¥52.00
Aug 23Nichias' (TSE:5393) Dividend Will Be Increased To ¥52.00
Aug 09Nichias (TSE:5393) Is Paying Out A Larger Dividend Than Last Year
Jul 25Nichias (TSE:5393) Is Increasing Its Dividend To ¥52.00
Jul 11Why Nichias Corporation (TSE:5393) Could Be Worth Watching
Jun 20Here's Why Nichias (TSE:5393) Can Manage Its Debt Responsibly
May 22Returns At Nichias (TSE:5393) Appear To Be Weighed Down
Apr 12Nichias' (TSE:5393) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 18Nichias Corporation's (TSE:5393) Share Price Is Matching Sentiment Around Its Earnings
Feb 29Financial 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.