Nitchitsu Balance Sheet Health
Financial Health criteria checks 5/6
Nitchitsu has a total shareholder equity of ¥10.9B and total debt of ¥1.3B, which brings its debt-to-equity ratio to 11.9%. Its total assets and total liabilities are ¥16.1B and ¥5.2B respectively. Nitchitsu's EBIT is ¥310.0M making its interest coverage ratio -6.3. It has cash and short-term investments of ¥3.1B.
Key information
11.9%
Debt to equity ratio
JP¥1.30b
Debt
| Interest coverage ratio | -6.3x |
| Cash | JP¥3.10b |
| Equity | JP¥10.93b |
| Total liabilities | JP¥5.16b |
| Total assets | JP¥16.09b |
Recent financial health updates
No updates
Recent updates
There May Be Underlying Issues With The Quality Of Nitchitsu's (TSE:7021) Earnings
Nov 19
Returns At Nitchitsu (TSE:7021) Are On The Way Up
Nov 12Risks To Shareholder Returns Are Elevated At These Prices For Nitchitsu Co., Ltd. (TSE:7021)
Aug 06Investors Shouldn't Be Too Comfortable With Nitchitsu's (TSE:7021) Earnings
May 21Financial Position Analysis
Short Term Liabilities: 7021's short term assets (¥8.0B) exceed its short term liabilities (¥3.5B).
Long Term Liabilities: 7021's short term assets (¥8.0B) exceed its long term liabilities (¥1.7B).
Debt to Equity History and Analysis
Debt Level: 7021 has more cash than its total debt.
Reducing Debt: 7021's debt to equity ratio has increased from 11.8% to 11.9% over the past 5 years.
Debt Coverage: 7021's debt is well covered by operating cash flow (77.9%).
Interest Coverage: 7021 earns more interest than it pays, so coverage of interest payments is not a concern.