Nissei ASB Machine Balance Sheet Health
Financial Health criteria checks 6/6
Nissei ASB Machine has a total shareholder equity of ¥52.8B and total debt of ¥7.6B, which brings its debt-to-equity ratio to 14.4%. Its total assets and total liabilities are ¥72.8B and ¥19.9B respectively. Nissei ASB Machine's EBIT is ¥7.9B making its interest coverage ratio -39.5. It has cash and short-term investments of ¥28.4B.
Key information
14.4%
Debt to equity ratio
JP¥7.61b
Debt
| Interest coverage ratio | -39.5x |
| Cash | JP¥28.44b |
| Equity | JP¥52.85b |
| Total liabilities | JP¥19.91b |
| Total assets | JP¥72.76b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6284's short term assets (¥55.1B) exceed its short term liabilities (¥11.9B).
Long Term Liabilities: 6284's short term assets (¥55.1B) exceed its long term liabilities (¥8.1B).
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 34.1% to 14.4% over the past 5 years.
Debt Coverage: 6284's debt is well covered by operating cash flow (126.3%).
Interest Coverage: 6284 earns more interest than it pays, so coverage of interest payments is not a concern.