Nitto Kogyo Balance Sheet Health
Financial Health criteria checks 5/6
Nitto Kogyo has a total shareholder equity of ¥104.8B and total debt of ¥18.1B, which brings its debt-to-equity ratio to 17.3%. Its total assets and total liabilities are ¥151.9B and ¥47.1B respectively. Nitto Kogyo's EBIT is ¥11.8B making its interest coverage ratio -60.7. It has cash and short-term investments of ¥23.6B.
Key information
17.3%
Debt to equity ratio
JP¥18.08b
Debt
| Interest coverage ratio | -60.7x |
| Cash | JP¥23.64b |
| Equity | JP¥104.83b |
| Total liabilities | JP¥47.10b |
| Total assets | JP¥151.93b |
Financial Position Analysis
Short Term Liabilities: 6651's short term assets (¥86.4B) exceed its short term liabilities (¥26.0B).
Long Term Liabilities: 6651's short term assets (¥86.4B) exceed its long term liabilities (¥21.1B).
Debt to Equity History and Analysis
Debt Level: 6651 has more cash than its total debt.
Reducing Debt: 6651's debt to equity ratio has increased from 2.1% to 17.3% over the past 5 years.
Debt Coverage: 6651's debt is well covered by operating cash flow (51.5%).
Interest Coverage: 6651 earns more interest than it pays, so coverage of interest payments is not a concern.