Noritz Balance Sheet Health
Financial Health criteria checks 5/6
Noritz has a total shareholder equity of ¥131.0B and total debt of ¥3.7B, which brings its debt-to-equity ratio to 2.8%. Its total assets and total liabilities are ¥208.6B and ¥77.7B respectively. Noritz's EBIT is ¥2.6B making its interest coverage ratio -2.2. It has cash and short-term investments of ¥29.2B.
Key information
2.8%
Debt to equity ratio
JP¥3.68b
Debt
| Interest coverage ratio | -2.2x |
| Cash | JP¥29.22b |
| Equity | JP¥130.95b |
| Total liabilities | JP¥77.65b |
| Total assets | JP¥208.60b |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 5943's short term assets (¥114.9B) exceed its short term liabilities (¥61.7B).
Long Term Liabilities: 5943's short term assets (¥114.9B) exceed its long term liabilities (¥16.0B).
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 0.8% to 2.8% over the past 5 years.
Debt Coverage: 5943's debt is well covered by operating cash flow (87.9%).
Interest Coverage: 5943 earns more interest than it pays, so coverage of interest payments is not a concern.