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Nissin Electric Balance Sheet Health
Financial Health criteria checks 6/6
Nissin Electric has a total shareholder equity of ¥137.1B and total debt of ¥2.4B, which brings its debt-to-equity ratio to 1.7%. Its total assets and total liabilities are ¥200.9B and ¥63.8B respectively. Nissin Electric's EBIT is ¥17.0B making its interest coverage ratio -129.6. It has cash and short-term investments of ¥53.3B.
Key information
1.7%
Debt to equity ratio
JP¥2.38b
Debt
| Interest coverage ratio | -129.6x |
| Cash | JP¥53.26b |
| Equity | JP¥137.11b |
| Total liabilities | JP¥63.80b |
| Total assets | JP¥200.92b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6641's short term assets (¥148.3B) exceed its short term liabilities (¥57.0B).
Long Term Liabilities: 6641's short term assets (¥148.3B) exceed its long term liabilities (¥6.8B).
Debt to Equity History and Analysis
Debt Level: 6641 has more cash than its total debt.
Reducing Debt: 6641's debt to equity ratio has reduced from 2.5% to 1.7% over the past 5 years.
Debt Coverage: 6641's debt is well covered by operating cash flow (916.3%).
Interest Coverage: 6641 earns more interest than it pays, so coverage of interest payments is not a concern.