Nikko Balance Sheet Health
Financial Health criteria checks 5/6
Nikko has a total shareholder equity of ¥33.1B and total debt of ¥10.7B, which brings its debt-to-equity ratio to 32.4%. Its total assets and total liabilities are ¥62.2B and ¥29.1B respectively. Nikko's EBIT is ¥2.0B making its interest coverage ratio -75.7. It has cash and short-term investments of ¥15.6B.
Key information
27.8%
Debt to equity ratio
JP¥8.92b
Debt
Interest coverage ratio | -37.3x |
Cash | JP¥13.49b |
Equity | JP¥32.04b |
Total liabilities | JP¥27.60b |
Total assets | JP¥59.64b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 6306's short term assets (¥41.0B) exceed its short term liabilities (¥21.7B).
Long Term Liabilities: 6306's short term assets (¥41.0B) exceed its long term liabilities (¥7.4B).
Debt to Equity History and Analysis
Debt Level: 6306 has more cash than its total debt.
Reducing Debt: 6306's debt to equity ratio has increased from 5.6% to 32.4% over the past 5 years.
Debt Coverage: 6306's debt is well covered by operating cash flow (40.4%).
Interest Coverage: 6306 earns more interest than it pays, so coverage of interest payments is not a concern.