Nidec Balance Sheet Health
Financial Health criteria checks 6/6
Nidec has a total shareholder equity of ¥1,667.8B and total debt of ¥600.9B, which brings its debt-to-equity ratio to 36%. Its total assets and total liabilities are ¥3,171.5B and ¥1,503.7B respectively. Nidec's EBIT is ¥163.1B making its interest coverage ratio -11.3. It has cash and short-term investments of ¥217.0B.
Key information
36.0%
Debt to equity ratio
JP¥600.90b
Debt
Interest coverage ratio | -11.3x |
Cash | JP¥217.01b |
Equity | JP¥1.67t |
Total liabilities | JP¥1.50t |
Total assets | JP¥3.17t |
Recent financial health updates
Financial Position Analysis
Short Term Liabilities: 6594's short term assets (¥1,549.6B) exceed its short term liabilities (¥956.5B).
Long Term Liabilities: 6594's short term assets (¥1,549.6B) exceed its long term liabilities (¥547.2B).
Debt to Equity History and Analysis
Debt Level: 6594's net debt to equity ratio (23%) is considered satisfactory.
Reducing Debt: 6594's debt to equity ratio has reduced from 36.4% to 36% over the past 5 years.
Debt Coverage: 6594's debt is well covered by operating cash flow (53.5%).
Interest Coverage: 6594 earns more interest than it pays, so coverage of interest payments is not a concern.