Nissei Plastic IndustrialLtd Balance Sheet Health
Financial Health criteria checks 3/6
Nissei Plastic IndustrialLtd has a total shareholder equity of ¥43.6B and total debt of ¥30.0B, which brings its debt-to-equity ratio to 68.8%. Its total assets and total liabilities are ¥92.5B and ¥48.9B respectively. Nissei Plastic IndustrialLtd's EBIT is ¥1.5B making its interest coverage ratio 22.7. It has cash and short-term investments of ¥10.0B.
Key information
68.8%
Debt to equity ratio
JP¥30.01b
Debt
| Interest coverage ratio | 22.7x |
| Cash | JP¥9.99b |
| Equity | JP¥43.62b |
| Total liabilities | JP¥48.92b |
| Total assets | JP¥92.53b |
Recent financial health updates
No updates
Recent updates
Nissei Plastic IndustrialLtd (TSE:6293) Will Pay A Dividend Of ¥15.00
Sep 23
Nissei Plastic IndustrialLtd (TSE:6293) Is Due To Pay A Dividend Of ¥15.00
Aug 27Nissei Plastic IndustrialLtd (TSE:6293) Is Paying Out A Dividend Of ¥15.00
Jul 25Nissei Plastic IndustrialLtd's (TSE:6293) Dividend Will Be ¥15.00
Jul 11We Think That There Are More Issues For Nissei Plastic IndustrialLtd (TSE:6293) Than Just Sluggish Earnings
May 22Financial Position Analysis
Short Term Liabilities: 6293's short term assets (¥65.5B) exceed its short term liabilities (¥35.0B).
Long Term Liabilities: 6293's short term assets (¥65.5B) exceed its long term liabilities (¥13.9B).
Debt to Equity History and Analysis
Debt Level: 6293's net debt to equity ratio (45.9%) is considered high.
Reducing Debt: 6293's debt to equity ratio has increased from 3.7% to 68.8% over the past 5 years.
Debt Coverage: 6293's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6293's interest payments on its debt are well covered by EBIT (22.7x coverage).