NittoseikoLtd Balance Sheet Health
Financial Health criteria checks 6/6
NittoseikoLtd has a total shareholder equity of ¥36.9B and total debt of ¥1.9B, which brings its debt-to-equity ratio to 5.1%. Its total assets and total liabilities are ¥53.6B and ¥16.7B respectively. NittoseikoLtd's EBIT is ¥2.6B making its interest coverage ratio -86.5. It has cash and short-term investments of ¥8.8B.
Key information
5.1%
Debt to equity ratio
JP¥1.88b
Debt
Interest coverage ratio | -86.5x |
Cash | JP¥8.84b |
Equity | JP¥36.89b |
Total liabilities | JP¥16.71b |
Total assets | JP¥53.60b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 5957's short term assets (¥34.0B) exceed its short term liabilities (¥12.7B).
Long Term Liabilities: 5957's short term assets (¥34.0B) exceed its long term liabilities (¥4.0B).
Debt to Equity History and Analysis
Debt Level: 5957 has more cash than its total debt.
Reducing Debt: 5957's debt to equity ratio has reduced from 11.5% to 5.1% over the past 5 years.
Debt Coverage: 5957's debt is well covered by operating cash flow (167.9%).
Interest Coverage: 5957 earns more interest than it pays, so coverage of interest payments is not a concern.