Nitchitsu Balance Sheet Health
Financial Health criteria checks 5/6
Nitchitsu has a total shareholder equity of ¥11.0B and total debt of ¥1.2B, which brings its debt-to-equity ratio to 11%. Its total assets and total liabilities are ¥15.7B and ¥4.7B respectively. Nitchitsu's EBIT is ¥352.0M making its interest coverage ratio -7. It has cash and short-term investments of ¥2.6B.
Key information
11.0%
Debt to equity ratio
JP¥1.20b
Debt
| Interest coverage ratio | -7x |
| Cash | JP¥2.58b |
| Equity | JP¥10.97b |
| Total liabilities | JP¥4.75b |
| Total assets | JP¥15.72b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7021's short term assets (¥7.6B) exceed its short term liabilities (¥3.1B).
Long Term Liabilities: 7021's short term assets (¥7.6B) 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 reduced from 11.8% to 11% over the past 5 years.
Debt Coverage: 7021's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 7021 earns more interest than it pays, so coverage of interest payments is not a concern.