Nikkiso Balance Sheet Health
Financial Health criteria checks 5/6
Nikkiso has a total shareholder equity of ¥133.6B and total debt of ¥86.6B, which brings its debt-to-equity ratio to 64.8%. Its total assets and total liabilities are ¥311.0B and ¥177.5B respectively. Nikkiso's EBIT is ¥6.9B making its interest coverage ratio -16.1. It has cash and short-term investments of ¥35.8B.
Key information
64.8%
Debt to equity ratio
JP¥86.56b
Debt
Interest coverage ratio | -16.1x |
Cash | JP¥35.84b |
Equity | JP¥133.56b |
Total liabilities | JP¥177.48b |
Total assets | JP¥311.04b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6376's short term assets (¥168.8B) exceed its short term liabilities (¥98.4B).
Long Term Liabilities: 6376's short term assets (¥168.8B) exceed its long term liabilities (¥79.1B).
Debt to Equity History and Analysis
Debt Level: 6376's net debt to equity ratio (38%) is considered satisfactory.
Reducing Debt: 6376's debt to equity ratio has reduced from 156.4% to 64.8% over the past 5 years.
Debt Coverage: 6376's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 6376 earns more interest than it pays, so coverage of interest payments is not a concern.