Nidec Balance Sheet Health
Financial Health criteria checks 6/6
Nidec has a total shareholder equity of ¥1,802.7B and total debt of ¥679.3B, which brings its debt-to-equity ratio to 37.7%. Its total assets and total liabilities are ¥3,459.3B and ¥1,656.5B respectively. Nidec's EBIT is ¥162.9B making its interest coverage ratio -10.6. It has cash and short-term investments of ¥266.3B.
Key information
37.7%
Debt to equity ratio
JP¥679.27b
Debt
| Interest coverage ratio | -10.6x |
| Cash | JP¥266.27b |
| Equity | JP¥1.80t |
| Total liabilities | JP¥1.66t |
| Total assets | JP¥3.46t |
Recent financial health updates
Is Nidec (TSE:6594) A Risky Investment?
Aug 22
Nidec (TSE:6594) Has A Somewhat Strained Balance Sheet
Apr 21Recent updates
Nidec (TSE:6594) Has Announced A Dividend Of ¥40.00
Sep 13Investors Appear Satisfied With Nidec Corporation's (TSE:6594) Prospects
Sep 05Is Nidec (TSE:6594) A Risky Investment?
Aug 22Nidec's (TSE:6594) Dividend Will Be ¥40.00
Jul 26Nidec Corporation Just Recorded A 33% EPS Beat: Here's What Analysts Are Forecasting Next
Jul 25Nidec (TSE:6594) Is Due To Pay A Dividend Of ¥40.00
Jul 12A Look At The Fair Value Of Nidec Corporation (TSE:6594)
Jun 08Market Participants Recognise Nidec Corporation's (TSE:6594) Earnings
May 25Nidec (TSE:6594) Will Want To Turn Around Its Return Trends
May 11Nidec Corporation Just Missed Earnings - But Analysts Have Updated Their Models
Apr 25Nidec (TSE:6594) Has A Somewhat Strained Balance Sheet
Apr 21Nidec (TSE:6594) Is Increasing Its Dividend To ¥40.00
Mar 19Nidec's (TSE:6594) Dividend Will Be Increased To ¥40.00
Feb 26Financial Position Analysis
Short Term Liabilities: 6594's short term assets (¥1,701.2B) exceed its short term liabilities (¥981.6B).
Long Term Liabilities: 6594's short term assets (¥1,701.2B) exceed its long term liabilities (¥675.0B).
Debt to Equity History and Analysis
Debt Level: 6594's net debt to equity ratio (22.9%) is considered satisfactory.
Reducing Debt: 6594's debt to equity ratio has reduced from 41.3% to 37.7% over the past 5 years.
Debt Coverage: 6594's debt is well covered by operating cash flow (43.2%).
Interest Coverage: 6594 earns more interest than it pays, so coverage of interest payments is not a concern.