Nireco Balance Sheet Health
Financial Health criteria checks 5/6
Nireco has a total shareholder equity of ¥15.8B and total debt of ¥143.0M, which brings its debt-to-equity ratio to 0.9%. Its total assets and total liabilities are ¥18.0B and ¥2.2B respectively. Nireco's EBIT is ¥1.6B making its interest coverage ratio -18.2. It has cash and short-term investments of ¥4.4B.
Key information
0.9%
Debt to equity ratio
JP¥143.00m
Debt
| Interest coverage ratio | -18.2x |
| Cash | JP¥4.39b |
| Equity | JP¥15.83b |
| Total liabilities | JP¥2.18b |
| Total assets | JP¥18.01b |
Recent financial health updates
Is Nireco (TYO:6863) A Risky Investment?
May 03
Here's Why Nireco (TYO:6863) Can Manage Its Debt Responsibly
Jan 15Recent updates
It's Down 34% But Nireco Corporation (TSE:6863) Could Be Riskier Than It Looks
Aug 05Positive Sentiment Still Eludes Nireco Corporation (TSE:6863) Following 26% Share Price Slump
Jun 06Nireco Corporation (TSE:6863) Soars 25% But It's A Story Of Risk Vs Reward
Feb 26Is Nireco (TYO:6863) A Risky Investment?
May 03The Return Trends At Nireco (TYO:6863) Look Promising
Apr 13Nireco Corporation (TYO:6863) Vies For A Place In Your Dividend Portfolio: Here's Why
Mar 12Shareholders Of Nireco (TYO:6863) Must Be Happy With Their 94% Return
Feb 22At JP¥860, Is It Time To Put Nireco Corporation (TYO:6863) On Your Watch List?
Feb 02Here's Why Nireco (TYO:6863) Can Manage Its Debt Responsibly
Jan 15Should You Rely On Nireco's (TYO:6863) Earnings Growth?
Dec 31Can Nireco (TYO:6863) Continue To Grow Its Returns On Capital?
Dec 16
What To Know Before Buying Nireco Corporation (TYO:6863) For Its Dividend
Dec 01Financial Position Analysis
Short Term Liabilities: 6863's short term assets (¥12.3B) exceed its short term liabilities (¥1.6B).
Long Term Liabilities: 6863's short term assets (¥12.3B) exceed its long term liabilities (¥610.0M).
Debt to Equity History and Analysis
Debt Level: 6863 has more cash than its total debt.
Reducing Debt: 6863's debt to equity ratio has increased from 0.1% to 0.9% over the past 5 years.
Debt Coverage: 6863's debt is well covered by operating cash flow (414%).
Interest Coverage: 6863 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 | 2024/12/25 16:12 |
| End of Day Share Price | 2024/12/25 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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
Nireco Corporation is covered by 1 analysts. 1 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 |
|---|---|
| Mitsuhiro Osawa | Ichiyoshi Research Institute Inc. |