Nissei ASB Machine Balance Sheet Health
Financial Health criteria checks 6/6
Nissei ASB Machine has a total shareholder equity of ¥48.4B and total debt of ¥8.7B, which brings its debt-to-equity ratio to 18%. Its total assets and total liabilities are ¥68.3B and ¥19.9B respectively. Nissei ASB Machine's EBIT is ¥7.4B making its interest coverage ratio -35.9. It has cash and short-term investments of ¥22.8B.
Key information
18.0%
Debt to equity ratio
JP¥8.73b
Debt
Interest coverage ratio | -35.9x |
Cash | JP¥22.75b |
Equity | JP¥48.38b |
Total liabilities | JP¥19.92b |
Total assets | JP¥68.30b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6284's short term assets (¥49.8B) exceed its short term liabilities (¥10.8B).
Long Term Liabilities: 6284's short term assets (¥49.8B) exceed its long term liabilities (¥9.1B).
Debt to Equity History and Analysis
Debt Level: 6284 has more cash than its total debt.
Reducing Debt: 6284's debt to equity ratio has reduced from 33.9% to 18% over the past 5 years.
Debt Coverage: 6284's debt is well covered by operating cash flow (90.3%).
Interest Coverage: 6284 earns more interest than it pays, so coverage of interest payments is not a concern.