Noritsu Koki Balance Sheet Health
Financial Health criteria checks 5/6
Noritsu Koki has a total shareholder equity of ¥205.8B and total debt of ¥39.0B, which brings its debt-to-equity ratio to 19%. Its total assets and total liabilities are ¥279.5B and ¥73.6B respectively. Noritsu Koki's EBIT is ¥13.4B making its interest coverage ratio -55.4. It has cash and short-term investments of ¥70.6B.
Key information
19.0%
Debt to equity ratio
JP¥39.02b
Debt
Interest coverage ratio | -55.4x |
Cash | JP¥70.57b |
Equity | JP¥205.84b |
Total liabilities | JP¥73.63b |
Total assets | JP¥279.47b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 7744's short term assets (¥115.0B) exceed its short term liabilities (¥30.8B).
Long Term Liabilities: 7744's short term assets (¥115.0B) exceed its long term liabilities (¥42.9B).
Debt to Equity History and Analysis
Debt Level: 7744 has more cash than its total debt.
Reducing Debt: 7744's debt to equity ratio has reduced from 48.9% to 19% over the past 5 years.
Debt Coverage: 7744's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: 7744 earns more interest than it pays, so coverage of interest payments is not a concern.