Noritsu Koki Balance Sheet Health
Financial Health criteria checks 5/6
Noritsu Koki has a total shareholder equity of ¥210.3B and total debt of ¥38.2B, which brings its debt-to-equity ratio to 18.2%. Its total assets and total liabilities are ¥285.4B and ¥75.1B respectively. Noritsu Koki's EBIT is ¥19.0B making its interest coverage ratio -39.2. It has cash and short-term investments of ¥76.4B.
Key information
18.2%
Debt to equity ratio
JP¥38.23b
Debt
Interest coverage ratio | -39.2x |
Cash | JP¥76.38b |
Equity | JP¥210.34b |
Total liabilities | JP¥75.11b |
Total assets | JP¥285.45b |
Recent financial health updates
No updates
Financial Position Analysis
Short Term Liabilities: 7744's short term assets (¥121.6B) exceed its short term liabilities (¥30.8B).
Long Term Liabilities: 7744's short term assets (¥121.6B) exceed its long term liabilities (¥44.3B).
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 46.3% to 18.2% over the past 5 years.
Debt Coverage: 7744's debt is not well covered by operating cash flow (19.1%).
Interest Coverage: 7744 earns more interest than it pays, so coverage of interest payments is not a concern.