Nitto Kogyo Balance Sheet Health
Financial Health criteria checks 5/6
Nitto Kogyo has a total shareholder equity of ¥111.5B and total debt of ¥29.1B, which brings its debt-to-equity ratio to 26.1%. Its total assets and total liabilities are ¥173.4B and ¥61.9B respectively. Nitto Kogyo's EBIT is ¥11.2B making its interest coverage ratio -66.9. It has cash and short-term investments of ¥28.1B.
Key information
26.1%
Debt to equity ratio
JP¥29.11b
Debt
| Interest coverage ratio | -66.9x |
| Cash | JP¥28.06b |
| Equity | JP¥111.45b |
| Total liabilities | JP¥61.91b |
| Total assets | JP¥173.36b |
Recent financial health updates
Recent updates
Nitto Kogyo's (TSE:6651) Dividend Will Be ¥68.00
Dec 10
Impressive Earnings May Not Tell The Whole Story For Nitto Kogyo (TSE:6651)
Nov 12Nitto Kogyo's (TSE:6651) Dividend Is Being Reduced To ¥64.00
Sep 06Nitto Kogyo's (TSE:6651) Shareholders Will Receive A Smaller Dividend Than Last Year
Aug 23Nitto Kogyo's (TSE:6651) Shareholders Will Receive A Smaller Dividend Than Last Year
Aug 09Nitto Kogyo's (TSE:6651) Dividend Is Being Reduced To ¥64.00
Jul 26Nitto Kogyo's (TSE:6651) Dividend Will Be Reduced To ¥64.00
Jul 12Nitto Kogyo's (TSE:6651) Upcoming Dividend Will Be Larger Than Last Year's
Mar 03We Think Nitto Kogyo (TSE:6651) Can Stay On Top Of Its Debt
Feb 29Financial Position Analysis
Short Term Liabilities: 6651's short term assets (¥96.2B) exceed its short term liabilities (¥41.5B).
Long Term Liabilities: 6651's short term assets (¥96.2B) exceed its long term liabilities (¥20.4B).
Debt to Equity History and Analysis
Debt Level: 6651's net debt to equity ratio (0.9%) is considered satisfactory.
Reducing Debt: 6651's debt to equity ratio has increased from 14.3% to 26.1% over the past 5 years.
Debt Coverage: 6651's debt is well covered by operating cash flow (46.5%).
Interest Coverage: 6651 earns more interest than it pays, so coverage of interest payments is not a concern.
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:21 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Nitto Kogyo Corporation is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Junji Okawa | Daiwa Securities Co. Ltd. |
| null null | Daiwa Securities Co. Ltd. |
| Koichi Hariya | Ichiyoshi Research Institute Inc. |