Nippon Tungsten Balance Sheet Health
Financial Health criteria checks 6/6
Nippon Tungsten has a total shareholder equity of ¥11.8B and total debt of ¥2.4B, which brings its debt-to-equity ratio to 20.6%. Its total assets and total liabilities are ¥16.9B and ¥5.1B respectively. Nippon Tungsten's EBIT is ¥438.0M making its interest coverage ratio -62.6. It has cash and short-term investments of ¥3.9B.
Key information
20.6%
Debt to equity ratio
JP¥2.43b
Debt
Interest coverage ratio | -62.6x |
Cash | JP¥3.90b |
Equity | JP¥11.80b |
Total liabilities | JP¥5.09b |
Total assets | JP¥16.89b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 6998's short term assets (¥10.0B) exceed its short term liabilities (¥4.7B).
Long Term Liabilities: 6998's short term assets (¥10.0B) exceed its long term liabilities (¥387.0M).
Debt to Equity History and Analysis
Debt Level: 6998 has more cash than its total debt.
Reducing Debt: 6998's debt to equity ratio has reduced from 26.4% to 20.6% over the past 5 years.
Debt Coverage: 6998's debt is well covered by operating cash flow (29.7%).
Interest Coverage: 6998 earns more interest than it pays, so coverage of interest payments is not a concern.