Noritz Balance Sheet Health
Financial Health criteria checks 4/6
Noritz has a total shareholder equity of ¥126.7B and total debt of ¥2.5B, which brings its debt-to-equity ratio to 2%. Its total assets and total liabilities are ¥207.8B and ¥81.1B respectively. Noritz's EBIT is ¥3.8B making its interest coverage ratio -3.6. It has cash and short-term investments of ¥26.1B.
Key information
2.0%
Debt to equity ratio
JP¥2.53b
Debt
Interest coverage ratio | -3.6x |
Cash | JP¥26.14b |
Equity | JP¥126.67b |
Total liabilities | JP¥81.11b |
Total assets | JP¥207.77b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 5943's short term assets (¥121.5B) exceed its short term liabilities (¥66.8B).
Long Term Liabilities: 5943's short term assets (¥121.5B) exceed its long term liabilities (¥14.3B).
Debt to Equity History and Analysis
Debt Level: 5943 has more cash than its total debt.
Reducing Debt: 5943's debt to equity ratio has increased from 0.7% to 2% over the past 5 years.
Debt Coverage: 5943's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 5943 earns more interest than it pays, so coverage of interest payments is not a concern.